|SEMCO ENERGY GAS COMPANY Declares Quarterly Cash Dividend on Preferred Stock|
PORT HURON, Mich., Nov. 30 /PRNewswire/ -- The Board of Directors of SEMCO ENERGY GAS COMPANY, a wholly owned subsidiary of SEMCO ENERGY, Inc., has declared dividends on the outstanding stock of the corporation as follows:
Quarterly dividend No. 165 of $1.50 per share on the outstanding 6 percent Cumulative Preferred Stock, Series A; Quarterly dividend No. 145 of $1.375 per share on the outstanding 5-1/2 percent Cumulative Preferred Stock, Series B; Quarterly dividend No. 136 of $1.375 per share on the outstanding 5-1/2 percent Cumulative Preferred Stock, Series C; and Quarterly dividend No. 131 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 January 1999, to preferred stockholders of record at the close of business on December 18, 1998.
SEMCO ENERGY GAS COMPANY distributes regulated natural gas to
approximately 240,000 customers in Michigan. SEMCO ENERGY, Inc.
(Nasdaq: SMGS) 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
|"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.|