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CHRIS-CRAFT INDUSTRIES DECLARES 3 PERCENT STOCK DIVIDEND

 NEW YORK, Jan. 28 /PRNewswire/ -- The board of directors of Chris- Craft Industries, Inc. (NYSE: CCN) today declared a 3 percent stock dividend on outstanding shares of the company's common stock payable in shares of common stock, and a 3 percent stock dividend on outstanding shares of the company's class B common stock, payable in shares of class B common stock.
 The dividends are payable on April 2, 1993 to stockholders of record at the close of business on March 19, 1993.
 The conversion rate of Chris-Craft's $1.40 cumulative convertible preferred stock will be approximately adjusted.
 First Chicago Trust Company of New York is the dividend paying agent.
 The board of directors also today declared the regular quarterly cash dividend of 25 cents per share on the company's prior preferred stock, payable March 31, 1993 to stockholders of record March 17, 1993, and the regular semi-annual dividend of 70 cents per share on the company's $1.40 convertible preferred stock, payable March 31, 1993 to stockholders of record March 17, 1993.
 Mellon Securities Trust Company is the dividend paying agent.
 -0- 1/28/93
 /CONTACT: Brian C. Kelly of Chris-Craft Industries, Inc., 212-421-0200/
 (CCN)


CO: Chris-Craft Industries, Inc. ST: New York IN: LEI SU: DIV

SH-OS -- NY085 -- 0406 01/28/93 15:34 EST
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Publication:PR Newswire
Date:Jan 28, 1993
Words:215
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