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TERRA INDUSTRIES BEGINS DIVIDEND PAYMENTS

 SIOUX CITY, Iowa, Nov. 3 /PRNewswire/ -- The board of directors of Terra Industries Inc. (NYSE: TRA) today announced their intention to declare regular quarterly dividends on Terra's common stock. A dividend of $.02 per share will be payable Dec. 13, 1993, to shareholders of record on Nov. 24, 1993.
 According to Reuben F. Richards, chairman of the board, "The directors have taken this step because Terra has successfully restructured itself into a strong player in the agricultural products market, and we believe Terra has demonstrated it has the right strategy to guide the company's growth. A regular dividend recognizes the company's ability to share the fruits of that growth and increase the return to its shareholders."
 Terra Industries Inc., with 1992 revenues over $1 billion, is a leading marketer and producer of fertilizer, crop protection products, seed and services for agriculture.
 -0- 11/3/93
 /CONTACT: Paula Norton of Terra Industries, 712-277-5438/
 (TRA)


CO: Terra Industries, Inc. ST: Minnesota IN: AGR SU: DIV

DB-AL -- MN015 -- 0127 11/03/93 11:58 EST
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Publication:PR Newswire
Date:Nov 3, 1993
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