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CONSOLIDATED FREIGHTWAYS DECLARES QUARTERLY DIVIDEND ON PREFERRED STOCK

 PALO ALTO, Calif., Oct. 25 /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 Dec. 15, 1993 to depositary shareholders of record as of Nov. 5, 1993.
 The annual dividend on the depositary shares 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- 10/25/93
 /CONTACT: J.R. Allen of Consolidated Freightways, 415-494-2900/
 (CNF)


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

CK-SG -- SJ005 -- 6574 10/25/93 17:33 EDT
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Publication:PR Newswire
Date:Oct 25, 1993
Words:144
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