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LADD DECLARES REGULAR QUARTERLY CASH DIVIDEND

 HIGH POINT, N.C., April 29 /PRNewswire/ -- The board of directors of LADD Furniture, Inc. (NASDAQ-NMS: LADF) today declared a regular quarterly cash dividend of $.03 per share of LADD common stock. The dividend is payable June 22, 1993 to shareholders of record June 7.
 Headquartered in High Point, NC, LADD is the fourth largest U.S. manufacturer of residential furniture and is a leading supplier of contract furniture to the guest room, government and health care markets domestically and abroad. LADD sells its broad range of wood, upholstered and metal furniture products under the major brand names American Drew, American of Martinsville, Barclay, Brown Jordan, Clayton Marcus, Daystrom, Design Horizons, Fournier, Lea Industries and Pennsylvania House, and markets these products worldwide through LADD International. LADD also owns and operates two support companies, Lea Lumber & Plywood and LADD Transportation. LADD's stock is traded on the over-the-counter National Market System under the NASDAQ symbol LADF.
 -0- 4/29/93
 /CONTACT: John J. Ong of LADD Furniture, 919-888-6353/
 (LADF)


CO: LADD Furniture, Inc. ST: North Carolina IN: REA SU: DIV

CM -- CH013 -- 2795 04/29/93 15:20 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
Words:187
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