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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., Aug. 21 /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 1/10th share of the company's $23.75 convertible preferred stock, for the quarter ending Sept. 30, 1992. The cash dividend is payable Sept. 30, 1992, to shareholders of record on Sept. 2, 1992.
 Countrywide Credit Industries Inc. originates, purchases, sells and services loans for single-family homes. Countrywide was founded in 1969 and employs more than 2,400 people at its Pasadena and Simi Valley, Calif. headquarters and its retail and wholesale branches across the country.
 -0- 8/21/92
 /CONTACT: Karel Carnohan, 818-304-7523, or Laura Lippman, 818-304-4422, both of Countrywide Credit Industries/
 (CCR) CO: Countrywide Credit Industries Inc. ST: California IN: FIN SU: DIV


KJ-LS -- LA003 -- 1996 08/21/92 08:00 EDT
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Publication:PR Newswire
Date:Aug 21, 1992
Words:166
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