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CONSOLIDATED FREIGHTWAYS DECLARES QUARTERLY DIVIDEND ON PREFERRED STOCK

 CONSOLIDATED FREIGHTWAYS DECLARES
 QUARTERLY DIVIDEND ON PREFERRED STOCK
 PALO ALTO, Calif., July 27 /PRNewswire/ -- The board of directors of Consolidated Freightways Inc. (NYSE: CNF) today declared a quarterly dividend of 38.5 cents per share on depositary shares for the company's Series C Conversion Preferred Stock. Each depositary share is equal to one tenth of a share of this series of preferred stock.
 The dividend is payable on Sept. 15, 1992, to depositary shareholders of record as of Aug. 7, 1992.
 The annual dividend on the depositary shares is $1.54.
 Consolidated Freightways Inc. is a diversified freight transportation company with businesses in long-haul and regional next- day trucking, air freight, intermodal rail and ocean freight shipping, customs brokerage and logistics management services.
 -0- 7/27/92
 /CONTACT: J. R. Allen of Consolidated Freightways, 415-494-2900/
 (CNF) CO: Consolidated Freightways Inc. ST: California IN: TRN SU: DIV


MM-DG -- SJ007 -- 3752 07/27/92 20:21 EDT
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Publication:PR Newswire
Date:Jul 27, 1992
Words:155
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