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GREAT WESTERN PREFERRED DIVIDENDS DECLARED

 CHATSWORTH, Calif., June 22 /PRNewswire/ -- The directors of Great Western Financial Corp. 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 Aug. 1, 1993, to stockholders of record on July 15, 1993.
 -- Great Western's cumulative preferred stock offering, 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 Aug. 1, 1993, to preferred stockholders of record on July 15, 1993.
 With assets of $38 billion, Great Western Financial Corp. operates nearly 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- 6/22/93
 /CONTACT: Ian Campbell, 818-775-3773, or Steve Hawkins, 818-775-3766, both of Great Western/


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

JB-MF -- LA013 -- 4574 06/22/93 12:32 EDT
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Publication:PR Newswire
Date:Jun 22, 1993
Words:218
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