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SOUTHERN INDIANA GAS AND ELECTRIC COMPANY ANNOUNCES STOCK SPLIT AND DIVIDEND INCREASE

 SOUTHERN INDIANA GAS AND ELECTRIC COMPANY
 ANNOUNCES STOCK SPLIT AND DIVIDEND INCREASE
 EVANSVILLE, Ind., Jan. 21 /PRNewswire/ -- R.G. Reherman, president and chief executive officer of Southern Indiana Gas and Electric Company (NYSE: SIG), announced that directors of Southern Indiana Gas and Electric Company today approved a proposal to split the shares of common stock without par value outstanding on a four-for-three basis by issuing to each holder of such common stock one additional share for each three shares held. The proposed stock split will require additional authorization by the Indiana Utility Regulatory Commission. The record date will be March 13, 1992 or the tenth calendar day following the Issuance of such authorization, whichever is later. Certificates representing the additional shares will be mailed to shareholders on or after April 1, 1992.
 Directors of Southern Indiana Gas and Electric Company today also declared a quarterly dividend on its Common Stock presently outstanding of .52 cents per share, payable March 20, 1992, to stockholders of record Feb. 7, 1992. This represents an increase of two cents a share over the .50 cent dividend paid in the last quarter of 1991. The quarterly common stock dividend declard today is applicable to the pre-split number of shares.
 Regular quarterly92.
 The directors also fixed Feb. 7, 1992 as the date of record for determination of stockholders entitled to notice of and to vote at the annual meeting of shareholders to be held in Evansville, Ind., on March 24, 1992.
 -0- 1/21/92
 /CONTACT: A.E. Goebel, senior vice president, chief financial officer, secretary and treasurer of Southern Indiana Gas and Electric Company, 812-464-4553/
 (SIG) CO: Southern Indiana Gas and Electric Company ST: Indiana IN: UTI SU: DIV


LC -- CL012 -- 1881 01/21/92 13:08 EST
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Publication:PR Newswire
Date:Jan 21, 1992
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