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COLLINS & AIKMAN GROUP, INC. ANNOUNCES DIVIDENDS

 COLLINS & AIKMAN GROUP, INC. ANNOUNCES DIVIDENDS
 SANTA MONICA, Calif., July 17 /PRNewswire/ -- Collins & Aikman


Group, Inc. announced today that the regular quarterly dividend on its $2.50 convertible preferred stock, series A will be payable on Sept. 1, 1992, to stockholders of record on Aug. 15, 1992. The dividend to be paid will be in the amount of $.625 per share in cash and will cover the period from and including June 1, 1992, through and including Aug. 31, 1992.
 Collins & Aikman Group, Inc. also announced today that the regular quarterly dividend on its 15 1/2 percent junior cumulative exchangeable redeemable preferred stock will be payable on Aug. 1, 1992, to stockholders of record on July 3, 1992. The dividend will be in the amount of approximately $.969 per share of junior redeemable preferred stock and will be paid in additional shares of junior redeemable preferred stock at the rate of .03875 shares for each share of junior redeemable preferred stock. No cash dividends will be paid. The dividend payment will cover the period from and including May 1, 1992, through and including July 31, 1992. The company previously paid a dividend to holders of junior redeemable preferred stock in additional shares of junior redeemable preferred stock on May 1, 1992.
 As previously announced, Wickes Companies, Inc., changed its name to Collins & Aikman Group, Inc. effective July 15, 1992.
 -0- 7/17/92
 /CONTACT: Michael A. Jamieson of Collins & Aikman Group, Inc., 310-452-0161/ CO: Collins & Aikman Group Inc. ST: California IN: REA SU: DIV EH -- LA005 -- 0435 07/17/92 17:26 EDT
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Publication:PR Newswire
Date:Jul 17, 1992
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