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CIRCUIT CITY STORES, INC., ANNOUNCES TWO-FOR-ONE STOCK SPLIT

 RICHMOND, Va., Feb. 16 /PRNewswire/ -- The board of directors of Circuit City Stores, Inc. (NYSE: CC), today declared a two-for-one split of its outstanding common stock.
 Stockholders of record of common stock at the close of business on Feb. 26, 1993, will be entitled to participate in the stock split, and certificates representing the new shares will be distributed on March 19, 1993. At present, Circuit City has approximately 47,816,000 shares outstanding, $1 par value; following the split the company will have approximately 95,631,000 shares outstanding, 50 cents par value. Mellon Securities Trust Company in Pittsburgh serves as registrar and transfer agent for the company.
 In addition to the split, Circuit City's board of directors voted to increase the quarterly cash dividend on the pre-split shares from 3 cents per share to 4 cents per share. The new dividend rate will be applicable with the next quarterly declaration.
 "The stock split and the dividend increase reflect the board's confidence in Circuit City's current growth trend and in the company's long-term potential," said Richard L. Sharp, Circuit City's president and chief executive officer.
 Circuit City Stores, Inc., is the nation's largest specialty retailer of brand-name consumer electronics and major appliances. With headquarters in Richmond, it operates 214 Circuit City Superstores, seven Circuit City stores and 39 Impulse stores in the eastern, midwestern and western United States.
 -0- 2/16/93
 /CONTACT: Ann M. Collier of Circuit City Stores, Inc., 804-527-4058/
 (CC)


CO: Circuit City Stores, Inc. ST: Virginia IN: RET SU:

TW -- DC023 -- 6968 02/16/93 16:55 EST
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Publication:PR Newswire
Date:Feb 16, 1993
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