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LSB INDUSTRIES DECLARES DIVIDEND ON PREFERRED

 LSB INDUSTRIES DECLARES DIVIDEND ON PREFERRED
 OKLAHOMA CITY, June 16 /PRNewswire/ -- LSB Industries, Inc.


(AMEX: LSB) announced today that its board of directors has declared the regular quarterly dividend, payable July 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 a share.
 The dividends are payable to the preferred shareholders of record as of the close of business on June 30, 1992. The company has issued and outstanding 752,218 shares of its $2.20 Series 1 convertible exchangeable Class C preferred 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 worldwide basis. LSB's principal business activities consist of the manufacture and sale of chemical products, commercial air conditioning products, automotive and industrial products and the financial services business. LSB's common stock, debentures and Series 1 preferred stock are listed for trading on the American Stock Exchange.
 -0- 6/16/92
 /CONTACT: Tony M. Shelby, senior VP-finance of LSB Industries, 405-235-4546/
 (LSB) CO: LSB Industries Inc. ST: Oklahoma IN: SU: DIV


CK -- NY054 -- 0679 06/16/92 12:35 EDT
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Publication:PR Newswire
Date:Jun 16, 1992
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