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CALMAT BOARD DECLARES QUARTERLY DIVIDEND; APPROVES OPEN MARKET STOCK PURCHASES

 CALMAT BOARD DECLARES QUARTERLY DIVIDEND;
 APPROVES OPEN MARKET STOCK PURCHASES
 LOS ANGELES, Nov. 27 /PRNewswire/ -- The board of directors of CalMat Co. (NYSE: CZM) declared a regular quarterly cash dividend of $0.16 per share on the company's common stock (par value $1).
 The dividend is payable Jan. 3, 1992, to shareholders of record Dec. 6, 1991.
 The board of directors also approved the resumption of limited open market purchases of the company's common stock. CalMat expects to purchase approximately 250,000 shares of its stock during the next 12 months. During the first eight months of 1991, the company made open market purchases of 302,000 shares of its stock at a cost of $7.4 million.
 CalMat is one of the largest U.S. producers of construction aggregates, asphalt and ready mixed concrete.
 -0- 11/27/91
 /CONTACT: Ronald C. Hadfield, executive VP finance and administration of CalMat, 213-258-2777/
 (CZM) CO: CalMat Co. ST: California IN: CST SU: DIV


CH -- LA011 -- 7773 11/27/91 13:34 EST
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Publication:PR Newswire
Date:Nov 27, 1991
Words:170
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