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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): January 20, 1998
NORTH CAROLINA NATURAL GAS CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 0-82 56-0646235
(State or other juris- (Commission (IRS Employer
diction or incorporation) File Number) Identification No.)
150 Rowan Street, Fayetteville, North Carolina 28302
(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code: 910-483-0315
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events.
See January 13, 1998 press release attached hereto as Exhibit 1 and
incorporated herein by reference. Note that the date for the distribution of the
new shares of North Carolina Natural Gas Corporation's common stock, $2.50 par
value, under the stock split has been changed from February 27, 1998 to February
20, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
NORTH CAROLINA NATURAL
GAS CORPORATION
DATE: January 20, 1998 BY: /s/ Calvin B. Wells
NAME: Calvin B. Wells
TITLE: President and Chief Executive
Officer
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Exhibit 1
Contact: Calvin B. Wells January 13, 1998
(910) 323-6201
FOR IMMEDIATE RELEASE
DIRECTORS APPROVE STOCK SPLIT AND AN INCREASE
IN THE DIVIDEND
FAYETTEVILLE, NORTH CAROLINA - - - The Board of Directors of North Carolina
Natural Gas Corporation, at a meeting held January 13, 1998, approved a stock
split of one share of common stock for each two shares held to be distributed in
the form of a stock dividend. The record date for shareholders entitled to
receive such shares is January 26, 1998, with distribution of the new shares to
shareholders to be made on February 27, 1998.
The Directors also voted to increase the Company's regular quarterly
dividend by 7.1% from $.35 per share to $.375 per share on a pre-split basis.
After adjustment for the stock split, the new quarterly dividend will be $.25
per share and the Directors declared a dividend in that amount payable March
13, 1998 to stockholders of record on February 27.
North Carolina Natural Gas Corporation is headquartered in Fayetteville, NC
and provides natural gas and propane service to approximately 170,000 customers
in southcentral and eastern North Carolina.
