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SEARS DECLARES DIVIDENDS

 SEARS DECLARES DIVIDENDS
 ATLANTA, May 14 /PRNewswire/ -- The board of directors of Sears,


Roebuck and Co. (NYSE: S) today declared regular dividends on three issues.
 A regular quarterly dividend of 50 cents per share was declared on Sears outstanding common shares. The dividend is payable July 1, 1992 to shareholders of record at the close of business on May 29, 1992.
 A regular quarterly dividend of $2.22 per share was declared on Sears outstanding 8.88 percent preferred shares, first series. The dividend amounts to 55-1/2 cents for each depositary share held. Each depositary share represents one-fourth of a preferred share. The dividend is payable Aug. 1, 1992 to holders of depositary shares of record at the close of business on June 30, 1992.
 A regular quarterly dividend of $3.75 per share was declared on Sears outstanding Series A Mandatorily Exchangeable Preferred Shares (PERCS). The dividend amounts to $.9375 for each depositary share held. Each depositary share represents one-fourth of a PERCS. The dividend is payable July 1, 1992 to holders of record at the close of business May 29, 1992.
 -0- 5/14/92
 /CONTACT: Gerald E. Buldak, of Sears, 312-875-8371/
 (S) CO: Sears, Roebuck & Co. ST: Illinois IN: REA SU: DIV


TQ -- NY042 -- 0125 05/14/92 10:36 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 14, 1992
Words:215
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