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KMART CORPORATION BOARD DECLARES DIVIDENDS

 TROY, Mich., January 18, 1994 /PRNewswire/ -- The board of directors
 of Kmart Corporation (NYSE: KM) today approved a cash dividend to be
 paid on March 14, 1994, on the outstanding shares of the
 corporation's common stock to holders of record on February 10,
 1994, in the amount of 24 cents per share.
 The board of directors also approved a cash dividend to be paid on
 March 15, 1994, 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 February 24, 1994, 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 2,453 Kmart
 stores, is also the parent company for Builders Square, Waldenbooks,
 Borders, The Sports Authority and OfficeMax, as well as the soon-to-
 be-divested PACE Membership Warehouse and PayLess Drug Stores.
 Kmart Corporation's stock is listed on the New York, Pacific and
 Chicago Stock Exchanges. Its trading symbol is KM.
 -0- 1/18/94
 /CONTACT: Orren F. Knauer or Lois M. Connelly of Kmart Investor Relations, 313-643-1040/
 (KM)


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

SB -- DE010 -- 2608 01/18/94 09:37 EST
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Publication:PR Newswire
Date:Jan 18, 1994
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