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SOUTHWEST SECURITIES GROUP ANNOUNCES 3-FOR-2 STOCK SPLIT

 DALLAS, April 30 /PRNewswire/ -- The board of directors of Southwest Securities Group, Inc. (NASDAQ: SWST) has approved a 3-for-2 split of the company's 4,720,364 outstanding shares of common stock. The additional shares will be credited on July 1, 1993 to common shareholders of record at the close of business on June 15, 1993.
 "Our objective is to create a wider ownership base for Southwest's common stock," said Don A. Buchholz, chairman of the board and chief executive officer. The 3-for-2 stock split will result in 7,080,546 shares of common stock outstanding.
 Buchholz said the aggregate dividend payout will remain the same but will be distributed over the increased number of shares, resulting in a quarterly cash dividend of 2 cents per share effective with the next regular distribution. The payment and record dates for the next cash dividend are the same as for the stock split -- July 1 and June 15, respectively.
 Southwest Securities Group, Inc. is a Dallas-based holding company which, through its subsidiaries, provides fully disclosed clearing, securities brokerage, investment banking, money management and trust services to brokers, dealers, individuals, municipalities, corporations and institutions across the country. Southwest Securities Group common stock is listed on the NASDAQ National Market System under the symbol "SWST."
 -0- 4/30/93
 /CONTACT: Jim Bowman, vice president, corporate communications of Southwest Securities, Inc., 214-658-9335/
 (SWST)


CO: Southwest Securities Group, Inc. ST: Texas IN: FIN SU:

PS -- NY024 -- 3092 04/30/93 09:52 EDT
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Publication:PR Newswire
Date:Apr 30, 1993
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