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COUNTRYWIDE CREDIT INDUSTRIES INC. DECLARES CASH DIVIDEND ON $23.75 CONVERTIBLE PREFERRED STOCK

 COUNTRYWIDE CREDIT INDUSTRIES INC. DECLARES CASH DIVIDEND
 ON $23.75 CONVERTIBLE PREFERRED STOCK
 PASADENA, Calif., Feb. 21 /PRNewswire/ -- Countrywide Credit Industries Inc. (NYSE: CCR), the nation's largest independent mortgage banker, today announced that the company's board of directors declared a cash dividend of $0.59375 per Depositary Convertible Preferred Share, each representing one-tenth share of the company's $23.75 Convertible Preferred Stock, for the quarter ending March 31, 1992. The cash dividend is payable March 31, 1992, to shareholders of record on March 3, 1992.
 Countrywide Credit Industries Inc. originates, purchases, sells and services loans for single-family homes. Countrywide was founded in 1969 and employs more than 1,600 people at its Pasadena headquarters and its retail and wholesale branches across the country. Countrywide Credit Industries Inc.'s common and preferred stock are publicly traded on the New York Stock Exchange under the sybmols "CCR" and "CCRp," respectively.
 -0- 2/21/92
 /CONTACT: Karel Carnohan, 818-304-7523, or Laura Lippman, 818-304-4422, both of Countrywide Credit Industries/
 (CCR) CO: Countrywide Credit Industries Inc. ST: California IN: FIN SU: DIV


JL-EH -- LA005 -- 1236 02/21/92 08:00 EST
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Publication:PR Newswire
Date:Feb 21, 1992
Words:186
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