LSB INDUSTRIES DECLARES DIVIDEND ON PREFERRED
LSB INDUSTRIES DECLARES DIVIDEND ON PREFERRED OKLAHOMA CITY, Dec. 20 /PRNewswire/ -- LSB Industries, Inc.
(AMEX: LSB) announced today that its board of directors has declared the regular quarterly dividend, payable Jan. 1, 1992 on its outstanding $2.20 Series 1 convertible exchangeable Class C preferred stock of $.55 a share and 12 percent Series B cumulative convertible preferred stock of $3.00 a share. The dividends are payable to the preferred shareholders of record as of the close of business on Dec. 31, 1991.
The company has issued an outstanding 765,618 shares of its $2.00 Series 1 convertible exchangeable Class C preferred stock (excluding shares held as treasury stock) and 20,000 shares of its 12 percent Series B cumulative convertible preferred stock. 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, commercial air conditioning products, automotive and industrial products. LSB's common stock, debentures and Series 1 preferred stock are listed for trading on the American Stock Exchange. -0- 12/20/91 /CONTACT: Tony M. Shelby, chief financial officer of LSB Industries, 405-235-4546/ (LSB) CO: LSB Industries Inc. ST: Oklahoma IN: CHM SU: DIV
TS -- NY017 -- 4251 12/20/91 09:31 EST
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|Date:||Dec 20, 1991|
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