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FACTORY STORES OF AMERICA DECLARES DIVIDEND

 SMITHFIELD, N.C., July 2 /PRNewswire/ -- The Board of Directors of Factory Stores of America, Inc. (NYSE: FAC), today declared a cash dividend of 10.4 cents per share for the period June 10 to June 30, 1993, on its common stock outstanding. The dividend will be payable on Aug. 1, 1993, to stockholders of record on July 15, 1993.
 Factory Stores of America is the nation's largest owner and operator of factory outlet centers, with 25 properties located in 15 states throughout the Southeast, Midwest and Southwest. The company completed its initial public offering on June 10, 1993.
 -0- 7/2/93
 /CONTACT: David A. Hodson of Factory Stores of America, 919-934-9446/
 (FAC)


CO: Factory Stores of America, Inc. ST: North Carolina IN: REA SU: DIV

CM -- CH006 -- 8201 07/02/93 14:22 EDT
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Publication:PR Newswire
Date:Jul 2, 1993
Words:136
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