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LSB INDUSTRIES, INC., ANNOUNCES CASH DIVIDENDS ON ITS $3.25 CONVERTIBLE EXCHANGEABLE CLASS C PREFERRED STOCK, SERIES 2 AND COMMON STOCK

 OKLAHOMA CITY, Nov. 15 /PRNewswire/ -- LSB Industries, Inc. ("LSB") (AMEX: LSB), announced today that its board of directors has declared cash dividends on its outstanding shares of $3.25 Convertible Exchangeable Class C Preferred, Series 2 and Common Stock.
 The board of directors of LSB declared the regular quarterly dividend, payable Dec. 15, 1993, on its outstanding $3.25 Convertible Exchangeable Class C Preferred Stock, Series 2 ("Series 2 Preferred") of $.8125 per share. The dividends are payable to the preferred shareholders of record as of the close of business on Dec. 1, 1993. The company has issued and outstanding approximately 920,000 shares of its Series 2 Preferred.
 The board of directors of LSB also declared a cash dividend of $.03 per share on LSB's outstanding shares of Common Stock, payable Jan. 1, 1994, to the stockholders of record as of the close of business on Dec. 15, 1993. Jack E. Golsen, board chairman, stated that the board of directors of LSB had previously announced a policy to pay a dividend on its common shares of $.06 per annum payable semi-annually subject to board approval.
 LSB is a diversified company engaged in a variety of manufacturing, engineering, marketing and financial service activities on a worldwide basis. LSB's principal business activities consist of the manufacture and sale of chemical products for the explosives, agricultural and industrial markets, commercial and residential air conditioning products, automotive and industrial products and the financial services business. LSB's Common Stock is listed for trading on the American Stock Exchange.
 -0- 11/15/93
 /CONTACT: Tony M. Shelby, chief financial officer of LSB Industries, 405-235-4546/
 (LSB)


CO: LSB Industries, Inc. ST: Oklahoma IN: CHM SU: DIV

TW -- NY108 -- 4539 11/15/93 14:34 EST
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Publication:PR Newswire
Date:Nov 15, 1993
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