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LOUISIANA-PACIFIC BOARD INCREASES CASH DIVIDEND; DECLARES THREE-FOR-TWO STOCK SPLIT

 LOUISIANA-PACIFIC BOARD INCREASES CASH DIVIDEND;
 DECLARES THREE-FOR-TWO STOCK SPLIT
 MONTGOMERY, Texas, April 28 /PRNewswire/ -- Louisiana-Pacific Corp.'s (NYSE: LPX) board of directors today declared a three-for-two stock split. The split will take the form of a stock dividend to be mailed on June 5 to stockholders of record on May 15.
 The board also voted to increase the company's quarterly cash dividend to 30 cents a share. This represents an 11 percent increase and an annual rate of $1.20 per share. The first quarterly dividend at the increased rate will be paid May 29 to stockholders of record May 15. The 30-cent quarterly dividend will be paid prior to the effect of the stock split. Following the stock split, the company anticipates maintaining the same quarterly dividend rate on a post- split basis of 20 cents per share or an annual rate of 80 cents a share.
 Louisiana-Pacific is a major forest products company known for its innovation in developing high performance, affordable, environmentally sound building materials.
 -0- 4/28/92
 /CONTACT: Barry Lacter of Louisiana-Pacific, 503-221-0800/
 (LPX) CO: Louisiana-Pacific Corp. ST: Oregon IN: PAP SU: DIV


LM -- SE004 -- 3725 04/28/92 11:25 EDT
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Publication:PR Newswire
Date:Apr 28, 1992
Words:197
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