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RJR NABISCO DECLARES REGULAR DIVIDEND ON PERCS SHARES

 RJR NABISCO DECLARES REGULAR DIVIDEND ON PERCS SHARES
 NEW YORK, Jan. 21 /PRNewswire/ -- Directors of RJR Nabisco


Holdings Corp. today declared the regular quarterly cash dividend on the company's Series A Conversion Preferred Stock (PERCS).
 The dividend is payable Feb. 18 to shareholders of record Feb. 3.
 The company said the initial dividend has been prorated to 89.994 cents ($.89994) per share, or 22.4985 cents ($.224985) per depositary share (the one-quarter share units that trade on the New York Stock Exchange), reflecting a 97-day payment period for the shares, which were first issued on Nov. 8, 1991. In future quarters, the stated dividend rate would be 83.5 cents ($.835) per share, or 20.875 cents ($.20875) per depositary share, reflecting a three-month period.
 RJR Nabisco Holdings Corp. is the indirect parent company of RJR Nabisco, Inc., an international consumer products company. RJR Nabisco's major operating units are R.J. Reynolds Tobacco Co., R.J. Reynolds Tobacco International, Inc., and the Nabisco Foods Group.
 -0- 1/21/92
 /CONTACT: Jason Wright of RJR Nabisco, 212-258-5770/ CO: RJR Nabisco Holdings Corp. ST: New York IN: HOU SU: DIV


BN-BR -- AT005 -- 1676 01/21/92 09:40 EST
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Publication:PR Newswire
Date:Jan 21, 1992
Words:198
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