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NIPSCO INDUSTRIES, INC. DECLARES PREFERRED DIVIDENDS

 HAMMOND, Ind., Feb. 3 /PRNewswire/ -- Directors of NIPSCO Industries, Inc. (NYSE: NI) today declared a dividend of $2.1875 per share on the outstanding 8.75 percent cumulative preferred stock, payable April 14, 1993, to shareholders of record at the close of business March 16, 1993.
 Directors of Northern Indiana Public Service Company, a subsidiary of NIPSCO Industries, Inc., declared dividends on the following preferred stocks: $1.0625 a share on 4-1/4 percent cumulative preferred stock; $1.13 a share on 4-1/2 percent cumulative preferred stock; $1.06 a share on 4.22 percent cumulative preferred stock; $1.22 a share on 4.88 percent cumulative preferred stock; $1.86 a share on 7.44 percent cumulative preferred stock; $1.87 a share on 7.50 percent cumulative preferred stock; $2.2125 a share on 8.85 percent cumulative preferred stock; $1.9375 a share on 7-3/4 percent cumulative preferred stock; $2.0875 a share on 8.35 percent cumulative preferred stock; $1.625 a share on 6.50 percent cumulative preferred stock; and $0.75 a share on the adjustable rate cumulative preferred stock, series A.
 All of the above are payable on April 14, 1993, to shareholders of record at the close of business March 16, 1993.
 -0- 2/3/93
 /CONTACT: Thomas J. Kallay, of NIPSCO Industries, Inc., 219-647-6203/
 (NI)


CO: NIPSCO Industries, Inc. ST: Indiana IN: UTI SU: DIV

LC -- CL009 -- 2276 02/03/93 09:58 EST
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Publication:PR Newswire
Date:Feb 3, 1993
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