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HADSON ANNOUNCES RECORD DATE FOR PREFERRED STOCK DIVIDEND

 OKLAHOMA CITY, May 20 /PRNewswire/ -- Hadson Corporation (NYSE: HAD) announced that a record date of June 1, 1993 has been set for the June 16, 1993 dividend payment on its 8 percent Junior Cumulative Convertible Preferred Stock, Series B. The dividend will be paid in additional shares of Junior Preferred Stock at a ratio of .04 share for each share of Junior Preferred Stock. Currently, the total shares outstanding in the issue are 3,928,804. The aggregate shares to be issued in the June 16 dividend will be 157,152.
 The disbursing agent is: Liberty National Bank and Trust Co.
 Stock Transfer Department - 9th Fl.
 P.O. Box 25848
 Oklahoma City, OK 73125
 Facsimile: 405-231-6058
 Phone: 405-231-6331
 Cash will be paid in lieu of fractional shares. The deadline for brokers and nominees to notify the disbursing agent of full and fractional share requirements is June 8, 1993. The disbursing agent will sell the number of full shares represented by the fractional share interests and distribute the proceeds to the holders of the fractional share interests.
 Hadson Corporation is an independent producer and supplier of energy products and services.
 -0- 5/20/93
 /CONTACT: J. Michael Adcock, president and chief operating officer of Hadson Corporation, 405-235-9531/
 (HAD)


CO: Hadson Corporation ST: Texas IN: OIL SU: DIV

SH -- NY077 -- 0804 05/20/93 13:15 EDT
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Publication:PR Newswire
Date:May 20, 1993
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