UTILICORP INCREASES DIVIDEND ON COMMON STOCK, DECLARES REGULAR PREFERENCE DIVIDENDS
UTILICORP INCREASES DIVIDEND ON COMMON STOCK,
DECLARES REGULAR PREFERENCE DIVIDENDS
KANSAS CITY, Mo., Nov. 6 /PRNewswire/ -- The board of directors of UtiliCorp United (NYSE: UCU) voted today to increase the quarterly cash dividend on common stock from 38 cents to 40 cents. The dividend is payable at the new rate on Dec. 12, 1991 to shareholders of record on Nov. 20.
UtiliCorp has increased its cash dividend rate 10 times since January 1985, a total of 100 percent. The previous increase was in November 1990.
Also declared were the following dividends on preference stock, payable Dec. 1, 1991 to shareholders of record on Nov. 20, 1991:
PREFERENCE SERIES DIVIDEND RATE
UtiliCorp common stock is listed on the New York, Toronto and Pacific exchanges. Based in Kansas City, UtiliCorp provides gas and electric service to nearly one million customers in eight states and the province of British Columbia.
/CONTACT: Phil Hermanson of UtiliCorp, 816-421-6600/
(UCU) CO: UtiliCorp United ST: Missouri IN: UTI SU: DIV FC -- NY082 -- 1856 11/06/91 16:04 EST