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GREAT WESTERN DECLARES PREFERRED DIVIDENDS

 CHATSWORTH, Calif., Nov. 24 ~PRNewswire~ -- The directors of Great Western Financial Corp. (NYSE: GWF) have approved quarterly dividends on two issues of preferred stock at their regular meeting today.
 -- Great Western's cumulative convertible preferred stock,
 listed GWF PR on the New York Stock Exchange: A
 quarterly dividend of $1.09375 per depositary share,
 representing one-fifth of a share of its 8 3~4 percent
 cumulative convertible preferred stock was declared.
 The preferred dividend will be paid Feb. 1, 1993 to
 stockholders of record on Jan. 15, 1993.
 -- Great Western's recently issued cumulative preferred
 stock offering: A quarterly dividend of .51875 per
 depositary share, representing one-tenth of a share of
 its 8.30 percent cumulative preferred stock was
 declared. The dividend will be paid Feb. 1, 1993,
 to preferred stockholders of record on Jan. 15, 1993.
 With $38.5 billion in assets, Great Western Financial Corp. operates more than 1,100 mortgage lending, retail banking and consumer finance offices nationwide. The company's principal subsidiary, Great Western Bank, is a home-mortgage-oriented consumer bank that operates banking branch networks in California, Florida and Washington.
 -0- 11~24~92
 ~CONTACT: Ian Campbell, 818-775-3773, or Steve Hawkins, 818-775-3766, both of Great Western~
 (GWF)


CO: Great Western Financial Corp. ST: California IN: FIN SU: DIV

LS-BP -- LA036 -- 1294 11~24~92 17:40 EST
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Publication:PR Newswire
Date:Nov 24, 1992
Words:218
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