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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
    $2.4375                 $.6094
    $2.6125                 $.6532
    $1.775                  $.4438
    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.
    -0-         11/6/91
    /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
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 6, 1991
Words:185
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