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STATESWEST AIRLINES ANNOUNCES STOCK DIVIDEND PAYMENT FOR JUNE QUARTER

STATESWEST AIRLINES ANNOUNCES STOCK DIVIDEND PAYMENT FOR JUNE QUARTER
 PHOENIX, Aug. 28 /PRNewswire/ -- StatesWest Airlines declared a quarterly stock dividend on the company's convertible preferred stock (CUSIP No. 857657 60 4), for the quarter ended June 30, 1992.
 The company is paying a common stock dividend valued at 90 percent of the average of the closing price of the common stock as reported for the 10 trading days on the Philadelphia Stock Exchange prior to the date the dividend was declared. The terms of the preferred stock permit all future dividend payments made to be in shares of common stock.
 The record date for holders of preferred stock entitled to receive the dividend is the close of business on Sept. 7, 1992 and the common stock dividend will be mailed by Sept. 30, 1992.
 StatesWest operates under code-share agreements with both USAir and Northwest Airlines feeding flights for the total travel network for USAir, and flights to the Pacific-Rim system for Northwest Airlines. Traffic flows through the hub cities of Los Angeles and San Francisco. The airline operates approximately 4,000 monthly departures serving passengers in 12 western cities.
 -0- 8/28/92
 /CONTACT: Rudy R. Miller or Mary A. Nance of StatesWest Airlines, 602-225-0504/ CO: StatesWest Airlines ST: Arizona IN: AIR SU: DIV


AL -- LA005 -- 4395 08/28/92 12:54 EDT
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Publication:PR Newswire
Date:Aug 28, 1992
Words:223
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