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MIDWEST RESOURCES INC. DECLARES DIVIDEND

 DES MOINES, Iowa., April 28 /PRNewswire/ -- The board of directors of Midwest Resources Inc., has declared a regular quarterly common stock dividend of 29 cents per share payable June 1, 1993, to shareholders of record May 10, 1993. The dividend reflects an annual dividend rate of $1.16 per share.
 Midwest Resources' stock closed Tuesday at $17.75 which represents a yield of 6.5 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 subsidiary, Midwest Power Systems Inc., has two operating divisions: Midwest Power and Midwest Gas. Midwest Power provides electric service to 417,000 customers in Iowa and South Dakota. Midwest Gas serves 370,000 customers in Iowa, Minnesota, Nebraska and South Dakota. Nonregulated investments are managed through Midwest Capital Group Inc.
 -0- 4/28/93
 /CONTACT: J. Sue Rozema, treasurer of Midwest Resources, 515-281-2250/


CO: Midwest Resources Inc. ST: Iowa IN: UTI SU: DIV

EH-JB -- DV009 -- 1932 04/28/93 11:09 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
Words:173
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