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MINNESOTA POWER DECLARES DIVIDEND ON COMMON STOCK

 MINNESOTA POWER DECLARES DIVIDEND ON COMMON STOCK
 DULUTH, Minn., Oct. 21 /PRNewswire/ -- Regular quarterly dividends


on outstanding common and preferred stock were declared today by the directors of Minnesota Power (NYSE: MPL).
 A dividend of 48-1/2 cents per share of common stock was declared by the board and is unchanged from the previous quarter. On an annual basis the dividend is equivalent to $1.94 per share.
 Dividends on common stock are payable Dec. 1, 1992, to shareholders of record at the close of business Nov. 16, 1992. Minnesota Power has paid cash dividends since 1948 and has approximately 27,000 registered shareholders owning 29 million shares of stock.
 Company directors also declared dividends on all outstanding shares of preferred stock. Preferred dividends are payable Jan. 1, 1993, to shareholders of record at the close of business Dec. 15.
 Headquartered in Duluth, Minnesota Power is a diversified electric utility whose core business is providing electric service throughout northern Minnesota.
 -0- 10/21/92
 /CONTACT: Warren F. Hudelson of Minnesota Power, 218-723-3934/
 (MPL) CO: Minnesota Power ST: Minnesota IN: UTL SU: DIV


KH -- MN015 -- 3004 10/21/92 15:03 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 21, 1992
Words:191
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