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MADERAS Y SINTETICOS S.A. (MASISA) ANNOUNCES HALF YEAR INTERIM DIVIDEND

 SANTIAGO, Chile, Aug. 11 /PRNewswire/ -- Maderas y Sinteticos S.A. (NYSE: MYS) today announced that in accordance with the company's dividend policy, an interim dividend (No. 20) will be paid in respect to first semester 1993 net income to all shareholders of record on Aug. 20, 1993. This news was announced yesterday, but was referred to as the second quarter dividend.
 The dividend represent 50 percent of the first semester's realized net income and will be paid to American Depositary Receipt (ADR) holders by The Bank of New York on Sept. 17, 1993.
 Amount per ADR
 (Chilean Pesos)
 Dividend No. 20
 Gross Dividend Rate 82.5462
 Withholding Tax (23.42955882 percent) 19.3402
 Net Dividend Payable 63.2060
 Estimated U.S. Translation (A) 15.52
 (A) In U.S. cents, calculated using the observed rate on Aug. 11, 1993 of $1.00 = Ch$407.18 for illustration purposes only.
 -0- 8/11/93
 /CONTACT: Rony Obach, chief financial officer of Maderas y Sinteticos S.A. (MASISA), 011-562-683-7202, or Felicia Vonella of Dewe Rogerson Inc., 212-688-6840, for Maderas y Sinteticos S.A. (MASISA)/
 (MYS)


CO: Maderas y Sinteticos S.A. ST: IN: SU: DIV

TM-LD -- NY106 -- 1913 08/11/93 18:17 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
Words:202
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