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HECHINGER COMPANY ANNOUNCES DIVIDEND

 LANDOVER, Md., July 20 /PRNewswire/ -- Hechinger Company (NASDAQ-NMS: HECHA and HECHB) today announced quarterly cash dividends of $.04 per share on its outstanding Class A common stock and $.016 per share on its outstanding Class B common stock. Both dividends are payable on Aug. 20, 1993, to stockholders of record on July 30, 1993.
 Earlier this month, the company celebrated the grand opening of a new Home Quarters Warehouse store in Chesapeake, Va. This new store, which experienced record breaking sales during its grand opening, will set the standard for future Home Quarters Warehouse stores. The new HQ features 150,000 square feet of total selling space, over 115,000 under roof. It boasts approximately 40,000 SKUs of merchandise. In addition to focusing on products, the store will also be a service-intensive warehouse offering comprehensive planning and professional design services. In addition, the store includes a child care center, a tool rental center, a 4,500 square foot greenhouse, a custom frame shop and a complete installation service program.
 Hechinger Company is a leading specialty retailer, currently operating 121 home centers in 18 states and the District of Columbia. The company serves the growing home improvement industry through its two divisions: Hechinger Stores and Home Quarters Warehouse.
 -0- 7/20/93
 /CONTACT: Richard S. Gross, corporate controller, Hechinger Company, 301-341-0450/
 (HECH)


CO: Hechinger Company ST: Maryland IN: RET SU: DIV

TW -- DC010 -- 6670 07/20/93 10:12 EDT
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Publication:PR Newswire
Date:Jul 20, 1993
Words:240
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