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CHRIS-CRAFT INDUSTRIES DECLARES DIVIDENDS

 CHRIS-CRAFT INDUSTRIES DECLARES DIVIDENDS
 NEW YORK, Jan. 23 /PRNewswire/ -- The board of directors of Chris-


Craft Industries, Inc. (NYSE: CCN) today declared a two percent stock dividend on outstanding shares of the company's common stock payable in shares of common stock, and a two 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 3, 1992, to shareholders of record at the close of business on March 20, 1992.
 The conversion rate of Chris-Craft's $.140 cumulative convertible preferred stock will be appropriately 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, 1992, to stockholders of record March 16, 1992, and the regular semi-annual dividend of 70 cents per share on the company's $1.40 convertible preferred stock, payable March 31, 1992, to stockholders of record March 16, 1992.
 Mellon Securities Trust Company is the dividend paying agent.
 -0- 1/23/92
 /CONTACT: Barry S. Greene of Chris-Craft Industries, Inc., 305-946-4000/
 (CCN) CO: Chris-Craft Industries, Inc. ST: New York IN: ENT SU: DIV


KD-KW -- NY097 -- 2985 01/23/92 16:17 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 23, 1992
Words:218
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