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KMART CORPORATION BOARD DECLARES DIVIDENDS

 TROY, Mich., July 20, 1993 /PRNewswire/ -- The board of directors of
 Kmart Corporation (NYSE: KM) today approved a cash dividend to be
 paid on September 13, 1993, on the outstanding shares of the
 corporation's common stock to holders of record on August 12, 1993,
 in the amount of 24 cents per share.
 The board of directors also approved a cash dividend to be paid on
 September 15, 1993, on the outstanding shares of the corporation's
 $3.41 Depositary Shares each representing one-quarter of a share of
 Preferred Equity Redemption Cumulative Stock - PERCS - to holders of
 record on August 26, 1993, in the amount of 85.25 cents per share.
 Kmart Corporation serves America with over 4,000 retail outlets in
 all 50 states in the United States and in Puerto Rico, Canada, the
 Czech Republic and Slovakia. Kmart, currently operating 2,417 Kmart
 stores, is also the parent company for PACE Membership Warehouse,
 Builders Square, PayLess Drug Stores, Waldenbooks, The Sports
 Authority, OfficeMax and Borders.
 Kmart Corporation's stock is listed on the New York, Pacific and
 Midwest Stock Exchanges. Its trading symbol is KM.
 -0- 7/20/93
 /CONTACT: Orren F. Knauer or Lois M. Connelly, Investor Relations, Kmart Corporation, 313-643-1040/
 (KM)


CO: Kmart Corporation ST: Michigan IN: REA SU: DIV

JG -- DE016 -- 6835 07/20/93 12:43 EDT
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 20, 1993
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