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NIPSCO INDUSTRIES CONTINUES DIVIDEND RESTORATION

 NIPSCO INDUSTRIES CONTINUES DIVIDEND RESTORATION
 HAMMOND, Ind., Dec. 20 /PRNewswire/ -- The board of directors of


NIPSCO Industries, Inc., (NYSE: NI) announced today an increase in the next common stock quarterly dividend payment to 31 cents per share or $1.24 on an annual basis. The common dividend was 29 cents per share for the previous four quarters or $1.16 on an annual basis.
 A $1.24 annual dividend is nearly 80 percent of the dividend paid in 1985 before it was omitted in 1986. The dividend was resumed in 1987.
 The dividend will be payable Feb. 20, 1992, to shareholders of record on Jan. 31, 1992.
 The board attributed the dividend increase to improvement in the company's financial health.
 NIPSCO Industries, Inc. is an energy based holding company whose primary subsidiary is Northern Indiana Public Service Company, the state's largest natural gas and electric utility.
 -0- 12/20/91
 /CONTACT: Thomas J. Kallay of NIPSCO, 219-647-6203/
 (NI) CO: NIPSCO Industries, Inc. ST: Ohio IN: UTI SU: DIV


LC -- CL009 -- 4345 12/20/91 11:57 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 20, 1991
Words:177
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