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

 OKLAHOMA CITY, June 2 /PRNewswire/ -- LSB Industries, Inc. ("LSB") (AMEX: LSB) announced today that its board of directors has declared cash dividends on its outstanding shares of common stock and $3.25 convertible exchangeable class C preferred, series 2.
 The board of directors of LSB declared a cash dividend of $.03 per share on LSB's outstanding shares of common stock, payable July 1, 1993, to the stockholders of record as of the close of business on June 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.
 The board of directors declared a cash dividend of $.18 a share on LSB's outstanding shares of $3.25 convertible exchangeable class C preferred stock, series 2 ("series 2 preferred"), payable June 15, 1993, to stockholders of record as of the close of business on June 4, 1993.
 Golsen further stated that the dividend of $.18 on the series 2 preferred stock was the regular quarterly dividend on the newly issued stock for the 20 day time period from the date of issuance of May 27, 1993 to the regularly scheduled quarterly payment date of June 15, 1993.
 LSB is a diversified company engaged in a variety of manufacturing, engineering, marketing and financial service activities on a world wide 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 and debentures are listed for trading on the American Stock Exchange.
 -0- 6/2/93
 /CONTACT: Tony M. Shelby, chief financial officer of LSB Industries, Inc., 405-235-4546/
 (LSB)


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

SM -- NY049 -- 4476 06/02/93 12:42 EDT
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Publication:PR Newswire
Date:Jun 2, 1993
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