MONTANA POWER INCREASES DIVIDEND
MONTANA POWER INCREASES DIVIDEND BUTTE, Mont., Dec. 17 /PRNewswire/ -- The Montana Power Co.
(NYSE: MTP) today declared a dividend increase of 1.5 cents per share, raising the quarterly common stock dividend to 38.5 cents per share, or $1.54 per share on an annual basis. The fourth quarter dividend is payable Jan. 31, 1992, to shareholders of record at the close of business Jan. 10.
"We're very pleased to see an improvement in net income in each of our business units in 1991 to date over last year," said Paul Schmechel, Montana Power's chairman and chief executive officer. "This four percent dividend increase reflects the board's continued commitment to provide regular growth in dividends to our common stock shareholders." Montana Power's directors also declared regular dividends on outstanding preferred stock, payable Feb. 1, 1992, to shareholders of record Jan. 10. -0- 12/17/91 /CONTACT: Russell J. Cox of Montana Power Co., 406-496-5040/ (MTP) CO: Montana Power Co. ST: Montana IN: UTI SU: DIV
JH-TB -- SE009 -- 3038 12/17/91 14:52 EST
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|Date:||Dec 17, 1991|
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