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Southeastern Michigan Gas Enterprises, Inc. Declares Cash And Stock Dividends

PORT HURON, Mich., April 22 /PRNewswire/ -- The Board of Directors of Southeastern Michigan Gas Enterprises, Inc. (Nasdaq: SMGS) declared on April 15, 1997, dividends on the outstanding stock of the Corporation as follows:

    Quarterly dividend No. 74 of $.578125 per share on the outstanding
    $2.3125, Series A, Convertible Cumulative Preferred Stock of this
    Corporation payable on the 15th day of May, 1997, to shareholders of
    record at the close of business on May 5, 1997.

    Quarterly dividend No. 79 of $.20 per share on the Common stock of this
    Corporation payable on the 15th day of May, 1997, to shareholders of
    record at the close of business on May 5, 1997.

    STOCK DIVIDEND OF 5% ON THE COMMON STOCK OF THIS CORPORATION
    payable on the 15th day of May, 1997, to shareholders of record at the
    close of business on May 5, 1997.

SOURCE Southeastern Michigan Gas Enterprises, Inc.
CONTACT: Robert F. Caldwell, Executive Vice President and CFO of Southeastern Michigan Gas Enterprises, 810-989-4101

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding SEMCO Energy's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.

 
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