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COUNTRYWIDE CREDIT INDUSTRIES INC. DECLARES CASH DIVIDEND ON $23.75 CONVERTIBLE PREFERRED STOCK

 COUNTRYWIDE CREDIT INDUSTRIES INC. DECLARES CASH DIVIDEND
 ON $23.75 CONVERTIBLE PREFERRED STOCK
 PASADENA, Calif., May 22 /PRNewswire/ -- Countrywide Credit Industries Inc. (NYSE: CCR), the nation's largest independent mortgage banker, today announced that the company's board of directors declared a cash dividend of $0.59375 per depositary convertible preferred share, each representing 1/10 share of the company's $23.75 convertible preferred stock, for the quarter ending June 30, 1992. The cash dividend is payable June 30, 1992, to shareholders of record on June 3, 1992.
 Countrywide Credit Industries Inc. originates, purchases, sells and services loans for single-family homes. Countrywide was founded in 1969 and employs more than 2,000 people at its Pasadena headquarters and its retail and wholesale branches across the country.
 -0- 5/22/92
 /CONTACT: Karel Carnohan, 818-304-7523, or Laura Lippman, 818-304-4422, both of Countrywide/
 (CCR) CO: Countrywide Credit Industries Inc. ST: California IN: FIN SU: DIV


KJ-SE -- LA002 -- 3167 05/22/92 08:01 EDT
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Publication:PR Newswire
Date:May 22, 1992
Words:160
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