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CHIQUITA DECLARES DIVIDEND ON DEPOSITARY SHARES

 CHIQUITA DECLARES DIVIDEND ON DEPOSITARY SHARES
 CINCINNATI, Nov. 9 /PRNewswire/ -- Chiquita Brands International,


Inc. (NYSE: CQB) announced today that it has declared the initial dividend of $0.24 per share on the 3,241,500 shares of its $1.32 Depositary Shares issued in the recently completed exchange offer for shares of its Common Stock. The initial dividend has been calculated to include prorated portions of both the new Depositary Shares and the Common Stock exchanged therefor, using the October 30, 1992 expiration date as the proration date. The dividend is payable December 7, 1992 to shareholders of record at the close of business on November 25. The Depositary Shares call for payment of a $0.33 quarterly dividend while the current quarterly dividend on the Common Stock is $0.17 per share.
 -0- 11/9/92
 /CONTACT: Sandra W. Heimann of Chiquita Brands International, 513-784-8011/
 (CQB) CO: Chiquita Brands International, Inc. ST: Ohio IN: FOD SU: DIV


BM -- CL023 -- 8950 11/09/92 17:42 EST
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Publication:PR Newswire
Date:Nov 9, 1992
Words:167
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