NWNL COMPANIES DECLARES PREFERRED STOCK DIVIDEND
NWNL COMPANIES DECLARES PREFERRED STOCK DIVIDEND MINNEAPOLIS, Nov. 14 /PRNewswire/ -- The board of directors of The
NWNL Companies (NYSE: NWN) has declared a dividend on its 10 percent senior cumulative preferred stock (NYSE: NWN pf).
The dividend of 62-1/2 cents per depositary share will be distributed on Dec. 31, 1991 to holders of depositary shares at the close of business on Dec. 16, 1991. Each depositary share represents one-quarter share of the preferred stock. This is the second dividend payable on the preferred shares issued by NWNL on July 19, 1991. It is for the period from Oct. 1 - Dec. 31, 1991. Dividends on these preferred shares are equivalent to $2.50 per depositary share per year. The NWNL Companies is a Minneapolis-based holding company specializing in insurance and financial services. -0- 11/14/91 /CONTACT: Jan Pedersen, of The NWNL Companies, 612-372-5623/ (NWN) CO: NWNL Companies ST: Minnesota IN: INS SU: DIV AL-JS -- MN009 -- 4431 11/14/91 12:22 EST
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|Date:||Nov 14, 1991|
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