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JAMES RIVER DECLARES DIVIDEND

    RICHMOND, Va., Aug. 13 /PRNewswire/ -- The Board of Directors of James River Corporation (NYSE: JR) declared a quarterly dividend of $.15 per share on the issued and outstanding shares of common stock of the company.  The dividend is payable on September 30, 1993, to shareholders of record at the close of business on September 16, 1993.
    The Board also declared a quarterly dividend of $.84375 per share on the company's Series K $3.375 Cumulative Convertible Exchangeable Preferred Stock, payable on November 1, 1993, to shareholders of record on October 18, 1993.  In addition, the Board declared a quarterly dividend of $3.50 per share ($.875 per depositary share) on James River's Series L $14.00 Cumulative Convertible Exchangeable Preferred Stock, payable on October 1, 1993, to shareholders of record on September 17, 1993.  Each depositary share represents one-quarter of a share of Series L Preferred Stock.  The Board also declared a quarterly dividend of $10.3125 per share ($.515625 per depositary share), on James River's Series 0 8-1/4 percent Cumulative Preferred Stock, payable on October 1, 1993, to shareholders of record on September 17, 1993.  Each depositary share represents one-twentieth of a share of Series O Preferred Stock.
    -0-             08/13/93
    CONTACT:  Celeste Gunter of James River, 804-649-4307
    (JR) CO:  JAMES RIVER CORPORATION IN:  PAP SU:  DIV ST:  VA,WI


-- DC006 -- X548 08/13/93
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Publication:PR Newswire
Date:Aug 13, 1993
Words:228
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