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J. C. PENNEY COMPANY, INC. DECLARES DIVIDEND

 PLANO, Texas, April 15 /PRNewswire/ -- The board of directors of J.C. Penney Company, Inc. (NYSE: JCP) the major department store and catalog retailer, declared today the regular quarterly dividend of 36 cents per share on the company's outstanding common stock payable Sunday, Aug. 1, 1993, to stockholders of record at the close of business Friday, July 9, 1993.
 The amount of the dividend takes into account the previously announced two-for-one split of the company's common stock and increase in the cash dividend, effective May 1, 1993.
 -0- 4/15/93
 /CONTACT: J. Duncan Muir of J. C. Penney Company, 214-431-1329/
 (JCP)


CO: J.C. Penney Company, Inc. ST: Texas IN: REA SU: DIV

SH -- NY093 -- 0886 04/15/93 14:25 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
Words:123
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