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MIDWEST RESOURCES DECLARES DIVIDEND

 MIDWEST RESOURCES DECLARES DIVIDEND
 DES MOINES, Iowa, Jan. 29 /PRNewswire/ -- The board of directors


of Midwest Resources Inc. (NYSE: MWR) has declared a regular quarterly common stock dividend of 39 cents per share payable March 1, 1992 to shareholders of record Feb. 10, 1992. The dividend reflects an annual dividend rate of $1.56 per share. The stock closed Tuesday at $20.375, which represents a yield of 7.7 percent.
 Midwest Resources and its predecessor companies have paid dividends continuously since 1909.
 Midwest Resources is a utility holding company headquartered in Des Moines. The utility operations of Midwest Resources serve 412,000 electric customers in Iowa and South Dakota. Gas service is provided to 363,000 customers in Iowa, Minnesota, Nebraska and South Dakota. The non-utility operations of Midwest Resources are conducted through Midwest Capital Group Inc.
 -0- 1/29/92
 /CONTACT: J. Sue Rozema of Midwest Resources, 515-281-2250/
 (MWR) CO: Midwest Resources Inc. ST: Iowa IN: UTI SU: DIV


MC -- DV011 -- 4824 01/29/92 14:43 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 29, 1992
Words:170
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