CH Energy Group Inc : CH Energy Group, Inc. subsidiary Central Hudson Declares Preferred Stock Dividend

CH Energy Group, Inc.

News Release
May 24, 2012

For Release:     Immediately
Contact:           John Maserjian, [phone]

Central Hudson Declares Preferred Stock Dividend

(Poughkeepsie, N.Y.) The Board of Directors of Central Hudson Gas & Electric Corporation, subsidiary to CH Energy Group, Inc. (NYSE:CHG), by consent on May 24, 2012, from the utility's South Avenue Headquarters, Poughkeepsie, New York, declared dividends of:

• $1.12-1/2 per share on its 4.50 percent cumulative preferred stock; and
• $1.18-3/4 per share on its 4.75 percent cumulative preferred stock;

Each of these dividends will be payable Jul. 2, 2012, to holders of record on Jun. 11, 2012.
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HUG#1614873