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AMAX DECLARES DIVIDEND

 NEW YORK, Feb. 4 /PRNewswire/ -- AMAX Inc. (NYSE: AMX) announced that its board of directors today declared an initial dividend of 77 cents per share on its $4.00 Series A convertible preferred stock. The dividend is payable March 1, 1993 to shareholders of record Feb. 10, 1993, and covers the period from the issuance date of Dec. 23, 1992 through Feb. 28, 1993.
 The directors also approved payment of a regular dividend of $1.00 per share on the $4.00 Series A convertible preferred stock, payable June 1, 1993 to shareholders of record May 10, 1993.
 The regular dividend on the Series B convertible preferred stock which is also payable on June 1, 1993 to shareholders of record May 10, 1993 was declared by the board of directors on Dec. 3, 1992.
 -0- 2/4/93
 /CONTACT: Jerry Cooper of Amax Inc., 212-856-5982/
 (AMX)


CO: Amax Inc. ST: New York IN: MNG SU: DIV

TS -- NY114 -- 3149 02/04/93 16:03 EST
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Publication:PR Newswire
Date:Feb 4, 1993
Words:165
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