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CORRECTION TO IES INDUSTRIES BOARD DECLARES DIVIDEND.

 /C O R R E C T I O N -- IES INDUSTRIES/
 In NY099, IES Industries dividend, moved yesterday, we have been


advised by a representative of the company that the second graph, first line should read "40 cents per share" rather than "38" as originally issued. The corrected release follows:
 IES INDUSTRIES BOARD DECLARES DIVIDEND
 CEDAR RAPIDS, Iowa, May 5 /PRNewswire/ -- At its regularly scheduled meeting, today, the IES Industries Inc. (NYSE: IES) board of directors declared a quarterly dividend of 52.5 cents per share on the common stock, for an indicated annual dividend of $2.10. The dividend is payable July 1, 1992, for shareholders of record June 12, 1992.
 IES Industries earlier announced 1992 first quarter earnings of 40 cents per share. Earnings for the 12 months ended March 31, 1992, were $1.86 per share.
 In separate actions, the boards of directors of IES Industries' principal utility subsidiaries, Iowa Electric Light and Power Co. and Iowa Southern Utilities Co., continued dividends for each of their cumulative preferred and preference stock issues.
 -0- 5/6/92
 (IES) CO: IES Industries Inc. ST: Iowa IN: UTI SU: DIV


KD -- NY085 -- 7260 05/06/92 16:25 EDT
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Publication:PR Newswire
Date:May 6, 1992
Words:200
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