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WOOLWORTH CORPORATION BOOSTS QUARTERLY DIVIDEND

 NEW YORK, April 14 /PRNewswire/ -- Woolworth Corporation (NYSE: Z) said its board of directors today declared a 4 percent increase in the cash dividend paid on Woolworth's common stock, raising the quarterly dividend rate to $.29 per share from $.28 per share. The increased dividend will be payable June 1, 1993, to shareholders of record on May 3, 1993.
 The board also declared a quarterly cash dividend on Woolworth's $2.20 Series A convertible preferred stock of $.55 per share, also payable June 1, 1993, to shareholders of record on May 3, 1993.
 -0- 4/14/93
 /CONTACT: Frances E. Trachter of Woolworth, 212-553-2394/
 (Z)


CO: Woolworth Corporation ST: New York IN: REA SU: DIV

PS -- NY060 -- 5716 04/14/93 12:27 EDT
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Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 14, 1993
Words:124
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