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DIAMOND SHAMROCK DECLARES REGULAR DIVIDEND

 SAN ANTONIO, Texas, Nov. 2 /PRNewswire/ -- The board of directors of Diamond Shamrock, Inc. (NYSE: DRM) today declared the corporation's regular quarterly dividend of $0.13 per share for its common stock, payable on Dec. 7, 1993, for shareholders of record as of Nov. 19, 1993.
 This is Diamond Shamrock's 27th consecutive dividend on its common stock, and equates to an annual dividend of $0.52 per common share.
 The board of directors also declared a quarterly dividend of $0.625 per share on its 5 percent cumulative convertible preferred stock, payable on Dec. 15, 1993, for shareholders of record as of Nov. 19, 1993.
 Diamond Shamrock, Inc., with annual sales of approximately $2.6 billion, is an independent refiner and marketer of petroleum products. The San Antonio-based corporation has two Texas refineries, markets gasoline through approximately 2,000 Diamond Shamrock branded outlets, manufactures and markets petrochemicals, and stores and markets natural gas liquids.
 -0- 11/2/93
 /CONTACT: Kathy Hughes, public relations, 210-641-8846, or Bill Strain, investor relations, 210-641-8708, both of Diamond Shamrock/
 (DRM)


CO: Diamond Shamrock, Inc. ST: Texas IN: OIL SU: DIV

JS -- NY082 -- 9784 11/02/93 16:04 EST
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Publication:PR Newswire
Date:Nov 2, 1993
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