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SHAW INDUSTRIES ANNOUNCES DIVIDEND

 SHAW INDUSTRIES ANNOUNCES DIVIDEND
 DALTON, Ga., Jan. 22 /PRNewswire/ -- Shaw Industries, Inc.


(NYSE: SHX), today announced that its board of directors declared an increased cash dividend of 15 cents per share for the third quarter of fiscal year 1992. This dividend is payable on Feb. 19, 1992 to shareholders of record at Feb. 7, 1992.
 Shaw Industries, also today announced a 2 for 1 split of its common stock effected in the form of a share-for-share stock dividend, to be issued on March 9, 1992, to shareholders of record at the close of business on Feb. 25, 1992. The new certificates will be placed in the U.S. Mail March 9, 1992.
 After the stock dividend, the effective cash dividend rate, as announced above, would be equal to 7.5 cents per share.
 Shaw Industries, Inc., with corporate offices in Dalton, Ga., manufactures and sells carpeting to retailers and distributors throughout the United States and exports to Canada and several foreign markets.
 -0- 1/22/92
 /CONTACT: W. M. Sims Jr. of Shaw Industries, 404-278-3812/
 (SHX) CO: Shaw Industries, Inc. ST: Georgia IN: TEX SU: DIV


SM-OS -- NY067 -- 2331 01/22/92 13:00 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 22, 1992
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