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MINNESOTA POWER DECLARES DIVIDENDS

 MINNESOTA POWER DECLARES DIVIDENDS
 DULUTH, Minn., April 22 /PRNewswire/ -- The directors of Minnesota


Power (NYSE: MPL) today declared regular quarterly dividends on outstanding common and preferred stock.
 The board declared a dividend of 48-1/2 cents per share of common stock. The dividend is unchanged from the previous quarter and is equivalent to $1.94 per share on an annual basis.
 Dividends on common stock are payable June 1, 1992, to shareholders of record at the close of business May 15, 1992. Minnesota Power has paid cash dividends since 1948 and has approximately 27,000 registered shareholders owning 30 million shares of stock.
 Company directors also declared dividends on all outstanding shares of preferred stock. Preferred dividends are payable July 1, 1992, to shareholders of record at the close of business June 15, 1992.
 Headquartered in Duluth, Minnesota Power is a diversified electric utility whose core business is providing electric service throughout northern Minnesota.
 -0- 4/22/92
 /CONTACT: Warren F. Hudelson of Minnesota Power, 218-723-3934/
 (MPL) CO: Minnesota Power ST: Minnesota IN: OIL SU: DIV


KH -- MN011 -- 1323 04/22/92 13:31 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 22, 1992
Words:185
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