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

 THE WOODLANDS, Texas, May 4 /PRNewswire/ -- Louisiana-Pacific Corp.'s (L-P) (NYSE: LPX) board of directors voted today to increase the company's cash dividend by 10 percent and to declare a two-for-one stock split.
 The board voted to increase L-P's quarterly cash dividend to 22 cents a share, representing an annual rate of 88 cents per share. The first quarterly dividend at the increased rate will be paid June 1 to stockholders of record May 18. The 22-cent quarterly dividend will be paid prior to the effect of the stock split. Following the stock split, the board anticipates maintaining the same quarterly dividend rate on a post-split basis of 11 cents per share or an annual rate of 44 cents a share.
 The stock split is L-P's second in the past 12 months. Last June, the company declared a three-for-two stock split. The additional shares from the current split will be mailed on June 8 to stockholders of record on May 18.
 Following the board meeting, stockholders met for L-P's annual meeting and reelected Pierre S. du Pont IV, James Eisses and Donald R. Kayser to three-year terms on the board of directors. Stockholders also voted to increase the number of authorized L-P shares and approved a new non-employee director stock option plan, an amendment to the Employee Stock Purchase Plan and reappointment of Arthur Andersen & Co. as L-P's auditors. Two stockholder's proposals, that weren't recommended by management, were defeated.
 Louisiana-Pacific is a major building products company known for its innovation in developing high-performance, affordable, environmentally sound construction materials.
 -0- 5/4/93
 /CONTACT: Barry Lacter of Louisiana-Pacific, 503-221-0800, or fax, 503-796-0204/
 (LPX)


CO: Louisiana-Pacific Corp. ST: Oregon IN: PAP SU: DIV PER

SW -- SE006 -- 4288 05/04/93 11:45 EDT
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Publication:PR Newswire
Date:May 4, 1993
Words:291
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