INTELLIGENT SYSTEMS <INP> SETS INITIAL PAYOUT Intelligent Systems Master Limited Partnership said its board declared an initial quarterly dividend of 25 cts per unit, payable April 10 to holders of record March 31. The partnership, formed at year-end by the conversion of Intelligent Systems Corp from corporate form, said its board has approved in principle quarterly dividend of 15 to 25 cts per quarter for calendar 1987. It said as part of its restructuring it may sell some of its assets this year, with unitholders receiving either cash from the sale or stock in the acquiring company.