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UNISYS DECLARES PREFERRED STOCK DIVIDENDS

 UNISYS DECLARES PREFERRED STOCK DIVIDENDS
 BLUE BELL, Pa., Sept. 24 /PRNewswire/ -- The Board of Directors of


Unisys Corporation (NYSE: UIS) today declared a dividend of $1.40625 per share on the company's Series A cumulative convertible preferred stock.
 Stated quarterly dividends on the Series A stock are $.9375 per share. The dividend declared today is payable Oct. 15, 1992, to stockholders of record at the close of business on Oct. 6 and will be applied to reduce the accumulated dividend arrearage on the Series A stock. After the Oct. 15, 1992 payment, dividends on the Series A stock will be $5.15625 per share in arrears.
 The Unisys Board of Directors also declared a pro rata dividend on the Series B and Series C cumulative preferred stock. This dividend will also be applied to reduce the accumulated arrearage on the Series B and C stock.
 Unisys Chairman and Chief Executive Officer James A. Unruh said, "We are very pleased that the company's consistent profitability during the last three quarters and continued strong cash flow have allowed us to resume paying a dividend on our preferred stock. We believe our dramatically reduced cost structure coupled with our initiatives in products and services have positioned us for continued favorable business results. Although all future dividend decisions must be made in light of conditions at that time, we are confident that our repositioning efforts will make this the first step in a continuing program to eliminate the arrearage on the company's preferred stock.
 /delval/
 -0- 9/24/92
 /CONTACT: J. Peter Hynes of Unisys, 215-986-6948/
 (UIS) CO: Unisys Corporation ST: Pennsylvania IN: CPR SU: DIV


LJ -- PH013 -- 3028 09/24/92 10:49 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Sep 24, 1992
Words:281
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