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QUARTERLY CASH DIVIDEND DECLARED BY GRACE

 BOCA RATON, Fla., Jan. 6 /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, 1994 to shareholders of record on Feb. 3, 1994.
 This will be the 225th consecutive regular dividend paid by the Grace organization.
 The Grace board also declared annual dividends for 1994 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.
 -0- 1/6/94
 /CONTACT: Chuck Suits of W. R. Grace, 407-362-2600 or 800-GRACE99/
 (GRA)


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

RK -- FL007 -- 6976 01/06/94 10:23 EST
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Publication:PR Newswire
Date:Jan 6, 1994
Words:162
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