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SEARS DECLARES DIVIDENDS

 CHICAGO, Feb. 9 /PRNewswire/ -- The board of directors of Sears, Roebuck and Co. (NYSE: S) today declared a regular quarterly dividend of 40 cents per share on Sears outstanding common shares, a reduction of 10 cents from the previous level of 50 cents per share. The dividend is payable April 1, 1993 to shareholders of record at the close of business Feb. 26, 1993.
 The reduction reflects the strategic repositioning of Sears, Roebuck and Co., including the spin-off of Dean Witter, Discover & Co. anticipated to occur mid-year. The dividend of Dean Witter will be disclosed as part of its public offering process, which is currently underway.
 A regular quarterly dividend of $2.22 per share was declared on Sears outstanding 8.88 percent Preferred Shares, First Series. The dividend amounts to 55-1/2 cents for each depositary share held. Each depositary share represents one-fourth of a preferred share. The dividend is payable May 1, 1993 to holders of record at the close of business March 31, 1993.
 A regular quarterly dividend of $3.75 per share was declared on Sears outstanding Series A mandatorily exchangeable preferred shares (PERCS). The dividend amounts to $.9375 for each depositary share held. Each depositary share represents one-fourth of a PERCS. The dividend is payable April 1, 1993 to holders of record at the close of business Feb. 26, 1993.
 -0- 2/9/93
 /CONTACT: Gerald E. Buldak, national manager, media relations, Sears Merchandise Group, 312-875-8371/
 (S)


CO: Sears, Roebuck and Co. ST: Illinois IN: REA SU: DIV

LD -- NY102 -- 4921 02/09/93 19:58 EST
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Publication:PR Newswire
Date:Feb 9, 1993
Words:262
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