PacifiCorp, parent company of Utah Power & Light, has declared a regular quarterly dividend of 36 cents per common share, payable Feb. 15 to shareholders of record Jan. 23. The ex-dividend date is Jan. 16.
The board also authorized payments of dividends on outstanding preferred shares at the specified rates.In other action, Keith R. McKennon was elected to the PacifiCorp board. McKennon is the executive vice president of Dow Chemical Co. and a member of that company's board.
McKennon has oversight responsibility for Dow Chemical Canada and research and development, manufacturing and engineering functions. His election brings the PacifiCorp board to 12 members.
The PacifiCorp board noted the death of Betty E. Hawthorne, a director since 1979. The board also noted the retirement of William D. Hendry, a director since 1986.