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GREEN TREE FINANCIAL CORPORATION INCREASES CASH DIVIDEND

 GREEN TREE FINANCIAL CORPORATION INCREASES CASH DIVIDEND
 ST. PAUL, Minn., Oct. 8 /PRNewswire/ -- The board of directors of


Green Tree Financial Corporation (NYSE: GNT) has declared an 8.3 percent increase in the quarterly cash dividend to 16.25 cents per share from 15 cents per share. The new dividend will be payable Dec. 31 to shareholders of record Dec. 15, 1992. As of Sept. 30, Green Tree had 15,173,687 common shares outstanding.
 In commenting on the increase, Lawrence M. Coss, chairman, president and chief executive officer, said, "We are pleased to provide our shareholders with this dividend increase which reflects the strong growth and financial strength that the company has achieved."
 Green Tree Financial Corporation makes loans to individuals in the 48 contiguous state for manufactured homes, home improvements and motorcycles. Green Tree currently services approximately 325,000 contracts totaling $5.3 billion in outstanding principal balances. Green Tree's common stock is traded on the New York and Pacific Stock Exchanges under the symbol "GNT."
 -0- 10/8/92
 /CONTACT: John Mackay of Padilla Speer Beardsley, 612-871-8877 or in New York, 212-752-8338, for Green Tree Financial; or John W. Brink of Green Tree Financial, 612-293-3400/
 (GNT) CO: Green Tree Financial Corporation ST: Minnesota IN: FIN SU: DIV


AL -- MN005 -- 7755 10/08/92 10:33 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
Words:219
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