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IOWA PUBLIC SERVICE DECLARES DIVIDEND

 IOWA PUBLIC SERVICE DECLARES DIVIDEND
 DES MOINES, Iowa, May 1 /PRNewswire/ -- The board of directors of


Iowa Public Service Co. has declared the regular quarterly dividend on the 3.90 percent, 3.75 percent, 4.20 percent, 8.08 percent and 7.64 percent Cumulative Preferred Stocks and the $8.32 and $8.52 Class A Preferred Stocks, payable June 1, 1992 to shareholders of record May 8, 1992.
 Iowa Public Service is a subsidiary of Midwest Resources Inc. (NYSE: MWR), a Des Moines-based utility holding company. Iowa Public Service provides electric service through its IPS Electric division to 158,000 customers in Iowa and South Dakota. Gas service is provided through the Midwest Gas division to 363,000 customers in Iowa, Minnesota, Nebraska and South Dakota.
 The diversified business investments of Midwest Resources are operated through Midwest Capital Group Inc.
 -0- 5/1/92
 /CONTACT: J. Sue Rozema of Iowa Public Service, 515-281-2250/
 (MWR) CO: Iowa Public Service Co; Midwest Resources Inc. ST: Iowa IN: UTI SU: DIV


MC-BB -- DV006 -- 5575 05/01/92 15:43 EDT
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Publication:PR Newswire
Date:May 1, 1992
Words:178
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