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PEOPLES ENERGY RAISES QUARTERLY DIVIDEND RATE

 CHICAGO, Feb. 3 /PRNewswire/ -- Directors of Peoples Energy Corp. (NYSE: PGL) today raised the quarterly dividend on the company's common stock to 44-1/2 cents per share, an increase of 1.1 per cent over the quarterly rate of 44 cents a share previously in effect.
 The first payment at the new level, which is equal to $1.78 per share on an annual basis, will be made April 15, 1993, to stockholders of record March 19, 1993.
 Today's action is the tenth consecutive annual increase in dividends since the company was reorganized in 1981.
 -0- 2/3/93
 /CONTACT: Ed Joyce of Peoples Energy Corp., 312-431-4567/
 (PGL)


CO: Peoples Energy Corp. ST: Illinois IN: UTI SU: DIV

SH -- NY059 -- 2438 02/03/93 13:14 EST
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Publication:PR Newswire
Date:Feb 3, 1993
Words:127
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