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METROPOLITAN FINANCIAL INCREASES COMMON STOCK CASH DIVIDEND: SECOND INCREASE THIS YEAR, EIGHTH CONSECUTIVE ANNUAL INCREASE

 METROPOLITAN FINANCIAL INCREASES COMMON STOCK CASH DIVIDEND:
 SECOND INCREASE THIS YEAR, EIGHTH CONSECUTIVE ANNUAL INCREASE
 MINNEAPOLIS, Dec. 17 /PRNewswire/ -- The board of directors of Metropolitan Financial Corporation (NYSE: MFC) today declared a quarterly cash dividend of $0.115 per common share to be paid on Jan. 31, 1992 to shareholders of record Jan. 15, 1992.
 Norman M. Jones, chairman of the board, said, "This cash dividend is a nearly 10 percent increase to our shareholders over last quarter's cash dividend."
 A 20 percent common stock dividend was declared in August and paid in October. Metropolitan Financial's common dividend was increased 15 percent in January, 1991.
 A dividend of $0.50 per share was declared on the company's $2.00 cumulative convertible preferred stock. Series A, to shareholders of record Jan. 15, 1992. This dividend will be paid on Jan. 31, 1992.
 A dividend of $0.715 per share was declared on the company's $2.875 cumulative perpetual preferred stock, Series B, to shareholders of record Jan. 15, 1992. This dividend will be paid on Jan. 31, 1991. The Series B preferred was issued Nov. 28, 1990 as part of a Units underwriting, and began trading separately from the warrant on Jan. 15, 1991.
 Metropolitan Financial Corporation is a regional financial services holding company. Its full service consumer savings bank, Metropolitan Federal Bank, fsb, Fargo, N.D., operates over 120 offices in 99 communities in the states of North Dakota, Minnesota, Iowa, South Dakota, Wisconsin and Arizona and meets all current and fully phased in regulatory capital requirements.
 Metropolitan is the Twin Cities' largest originator of residential mortgage loans. The corporation's real estate sales and brokerage subsidiary, Edina Realty, has been rated number one nationally in customer satisfaction by a leading consumer magazine and serves Minnesota and western Wisconsin.
 Metropolitan Financial Corporation's common and Series A preferred stock trade on the New York Stock Exchange, the common under the symbol MFC. The Series B preferred stock and warrant trade on the NASDAQ System under the symbols MFCNP and MFCNW, respectively.
 -0- 12/17/91
 /CONTACT: Susanne Heimbuch of Metropolitan Financial, 612-928-5017/
 (MFC) CO: Metropolitan Financial Corporation ST: Minnesota IN: FIN SU: DIV


AL -- MN005 -- 2966 12/17/91 12:53 EST
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Publication:PR Newswire
Date:Dec 17, 1991
Words:370
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