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NAVISTAR BOARD SUSPENDS DIVIDEND ON SERIES G PREFERRED STOCK

 CHICAGO, Aug. 18 /PRNewswire/ -- The board of directors of Navistar International Corporation (NYSE: NAV) today voted to continue to suspend the quarterly dividend of $1.50 per share on Navistar's $6 cumulative convertible preferred stock, Series G. Today's action applies to the dividend scheduled to be paid on Oct. 15 to shareowners of record as of Oct. 5.
 Dividends on the company's Series G cumulative convertible preferred stock will resume after the company meets its obligation to pre-fund $100 million of its retiree benefit liability which is due prior to Dec. 30, 1993.
 -0- 8/18/93
 /CONTACT: Deborah Spak of Navistar, 312-836-3232/
 (NAV)


CO: Navistar International Corporation ST: Illinois IN: MAC SU: DIV

SH -- NY059 -- 4004 08/18/93 15:19 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
Words:123
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