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GREAT WESTERN DECLARES PREFERRED DIVIDENDS

 CHATSWORTH, Calif., March 23 /PRNewswire/ -- The directors of Great Western Financial Corp. (NYSE: GWF) 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 May 1, 1993, to stockholders of record on April 15, 1993.
 -- Great Western's cumulative preferred stock, listed GWF PRA on the New York Stock Exchange: 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 May 1, 1993, to preferred stockholders of record on April 15, 1993.
 With assets of more than $38 billion, 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 and Florida.
 -0- 3/23/93
 /CONTACT: Ian Campbell, 818-775-3773, or Steve Hawkins, 818-775-3766, both of Great Western Financial/
 (GWF)


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

JL -- LA016 -- 8760 03/23/93 14:58 EST
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Publication:PR Newswire
Date:Mar 23, 1993
Words:225
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