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

 PASADENA, Calif., Feb. 24 /PRNewswire/ -- Countrywide Credit Industries Inc. (NYSE: CCR), the nation's leading residential mortgage lender, 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 ended Dec. 31, 1992. The cash dividend is payable March 31, 1993, to shareholders of record on March 8, 1993.
 Countrywide Credit Industries Inc. originates, purchases, sells and services loans for single-family homes. Countrywide Credit Industries Inc.'s common and preferred stock are publicly traded on the New York Stock Exchange under the symbols "CCR" and "CCRp," respectively.
 -0- 2/24/93
 /CONTACT: Karel Carnohan, 818-304-7523, or Laura Lippman, 818-304-4422, both of Countrywide Credit/
 (CCR CCRp)


CO: Countrywide Credit Industries Inc. ST: California IN: FIN SU: DIV

LS-JB -- LA010 -- 9733 02/24/93 08:00 EST
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Publication:PR Newswire
Date:Feb 24, 1993
Words:149
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