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MONTANA POWER INCREASES DIVIDEND

 BUTTE, Mont., Dec. 22 /PRNewswire/ -- The Montana Power Co. (NYSE: MTP) today declared a quarterly common stock dividend of 39.5 cents per share, which is an increase of 1 cent per share over the previous quarter. The dividend is now $1.58 per share on an annual basis, up 2.6 percent from the previous level of $1.54. The fourth- quarter dividend is payable Jan. 29, 1993, to shareholders of record at the close of business Jan. 8, 1993.
 "This dividend increase reflects the Montana Power board's continued commitment to provide regular growth in common dividends to our shareholders," said Daniel T. Berube, Montana Power's chairman of the board and chief executive officer.
 Montana Power's directors also declared regular dividends on outstanding preferred stock, payable Feb. 1, 1993, to shareholders of record Jan. 8, 1993.
 -0- 12/22/92
 /CONTACT: Dean Conklin of Montana Power, 406-496-5006/
 (MTP)


CO: Montana Power Co. ST: Montana IN: UTI SU: DIV

159 12-22-92 17:24 EST LM-GT -- SE008 -- 9319 12/22/92 17:25 EST
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Publication:PR Newswire
Date:Dec 22, 1992
Words:173
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