Printer Friendly

KMART CORPORATION BOARD DECLARES DIVIDENDS

 TROY, Mich., October 19, 1993 -- The board of directors of Kmart
 Corporation (NYSE: KM) today approved a cash dividend to be paid on
 December 13, 1993, on the outstanding shares of the corporation's
 common stock to holders of record on November 11, 1993, in the
 amount of 24 cents per share.
 The board of directors also approved a cash dividend to be paid on
 December 15, 1993, on the outstanding shares of the corporation's
 $3.41 Depositary Shares each representing one-quarter of a share of
 Preferred Equity Redemption Cumulative Stock - PERCS - to holders of
 record on November 26, 1993, in the amount of 85.25 cents per share.
 Kmart Corporation serves America with over 4,000 retail outlets in
 all 50 states in the United States and in Puerto Rico, Canada, the
 Czech Republic and Slovakia. Kmart, currently operating 2,435 Kmart
 stores, is also the parent company for PACE Membership Warehouse,
 Builders Square, PayLess Drug Stores, Waldenbooks, The Sports
 Authority, OfficeMax and Borders.
 Kmart Corporation's stock is listed on the New York, Pacific and
 Midwest Stock Exchanges. Its trading symbol is KM.
 -0- 10/19/93
 /CONTACT: Orren F. Knauer or Lois M. Connelly, Investor Relations of Kmart Corporation, 313-643-1040/
 (KM)


CO: Kmart Corporation ST: Michigan IN: REA SU: DIV

JG -- DE020 -- 3981 10/19/93 12:28 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 19, 1993
Words:220
Previous Article:CATTLEMAN'S OF DETROIT COMPLETES ACQUISITION
Next Article:F & C BANCSHARES, INC. REPORTS FIRST QUARTER EARNINGS
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters