|SEMCO ENERGY GAS COMPANY Declares Quarterly Cash Dividend on Preferred Stock|
PORT HURON, Mich., Aug. 28 /PRNewswire/ -- The Board of Directors of SEMCO ENERGY GAS COMPANY has declared dividends on the outstanding stock of the Corporation as follows:
Quarterly dividend No. 164 of $1.50 per share on the outstanding 6 percent Cumulative Preferred Stock, Series A; Quarterly dividend No. 144 of $1.375 per share on the outstanding 5-1/2 percent Cumulative Preferred Stock, Series B; Quarterly dividend No. 135 of $1.375 per share on the outstanding 5-1/2 percent Cumulative Preferred Stock, Series C; and Quarterly dividend No. 130 of $1.375 per share on the outstanding 5-1/2 percent Cumulative Preferred Stock, Series D.
All such quarterly dividends are payable on the 1st day of October, 1998, to Preferred stockholders of record at the close of business on September 18, 1998.
SEMCO ENERGY GAS COMPANY, a subsidiary of SEMCO ENERGY, Inc.
(Nasdaq: SMGS) , distributes regulated natural gas to approximately 240,000
customers in Michigan. SEMCO ENERGY Inc. also is the parent company of SEMCO
ENERGY SERVICES, an unregulated marketer of natural gas and related services;
and SEMCO ENERGY VENTURES, which operates and acquires companies involved in
natural gas pipeline and distribution system construction, construction
engineering and propane operations.
|"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.|