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QUARTERLY CASH DIVIDEND DECLARED BY GRACE

 BOCA RATON, Fla., Jan. 7 /PRNewswire/ -- The board of directors of W. R. Grace & Co. (NYSE: GRA) today declared a quarterly cash dividend of 35 cents per share on its common stock. The dividend will be payable on March 10, 1993 to shareholders of record on Feb. 4, 1993.
 This will be the 221st consecutive regular dividend paid by the Grace organization.
 The Grace board also declared annual dividends for 1993 of $6 per share on the 6 percent Preferred Stock (which will be paid quarterly at the rate of $1.50) and $8 per share on each of the Class A Preferred and Class B Preferred Stocks (which will be paid quarterly at the rate of $2.00).
 Grace is the world's largest specialty chemicals company with a leadership position in health care.
 -0- 1/7/93
 /CONTACT: Chuck Suits of W. R. Grace & Co., 407-362-2600 or 800-GRACE99/
 (GRA)


CO: W. R. Grace & Co. ST: Florida IN: CHM SU: DIV

AW-JJ -- FL012 -- 2681 01/07/93 12:31 EST
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Publication:PR Newswire
Date:Jan 7, 1993
Words:170
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