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UNITED CITIES BOARD DECLARES DIVIDEND

T0 BUSINESS EDITOR:
 UNITED CITIES BOARD DECLARES DIVIDEND
 BRENTWOOD, Tenn., April 24 /PRNewswire/ -- United Cities Gas Co. (NASDAQ: UCIT), the Nashville area-based natural and propane gas distributor, announced today that its board of directors, in its regular quarterly meeting, declared a quarterly dividend of $.24 per common share payable on June 15, 1992 to shareholders of record at the close of business on May 29, 1992.
 The board also declared the following dividends on the company's preferred and preference stock, all payable June 15, 1992 to shareholders at the close of business on May 29, 1992:
 dividend of $1.775 per share on the cumulative preferred stock,
 7.10 percent 1968 Series; dividend of $1.50 per share on the
 cumulative preferred stock, 6 percent 1982 Series; dividend of
 $2.875 per share on the cumulative convertible preference stock,
 11 1/2 percent 1982 Series.
 United Cities Gas Company distributes natural and propane gas to approximately 295,000 customers in nine states. The company is also engaged in other energy-related businesses.
 -0- 4/24/92
 /CONTACT: Linda A. Kelley, United Cities Gas Co., 615-373-0104/
 (UCIT) CO: United Cities Gas Co. ST: Tennessee IN: OIL SU: DIV


JZ -- CH013 -- 2664 04/24/92 16:32 EDT
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Publication:PR Newswire
Date:Apr 24, 1992
Words:205
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