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CONSOLIDATED FREIGHTWAYS DECLARES QUARTERLY DIVIDEND ON PREFERRED STOCK

 PALO ALTO, Calif., April 26 /PRNewswire/ -- The Board of Directors of Consolidated Freightways Inc. (NYSE: CNF) today declared a quarterly dividend of 38.5 cents per share on depositary shares for the company's Series C Conversion Preferred Stock. Each depositary share is equal to one-tenth of a share of this series of preferred stock.
 The dividend is payable on June 15, 1993 to depositary shareholders of record as of May 7, 1993.
 The annual dividend on the depositary share is $1.54.
 Consolidated Freightways Inc. is a diversified transportation company with businesses in long-haul and regional trucking, air freight, intermodal rail and ocean freight shipping, logistics management and customs brokerage services.
 -0- 4/26/93
 /CONTACT: J.R. Allen of Consolidated Freightways, 415-494-2900/
 (CNF)


CO: Consolidated Freightways Inc. ST: California IN: TRN SU: DIV

SG-GT -- SJ006 -- 0867 04/26/93 15:28 EDT
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Publication:PR Newswire
Date:Apr 26, 1993
Words:143
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