VENTURE STORES DECLARES QUARTERLY DIVIDENDS
VENTURE STORES DECLARES QUARTERLY DIVIDENDS O'FALLON, Mo., May 22 /PRNewswire/ -- Venture Stores, Inc.
(NYSE: VEN) announced today that its board of directors has declared quarterly dividends on both its common and preferred shares.
The quarterly common stock dividend was raised to 14 cents per share from the previous rate of 13-1/2 cents. This represents a 4 percent increase. Venture's board of directors also declared the scheduled quarterly dividend on the cumulative convertible preferred stock of the company. The amount of the dividend is $4.78 per preferred share ($0.478 per Depositary Share). This dividend is for the period from the initial issue date of the preferred (April 23, 1992) through June 14, 1992. Both of these dividends are payable June 15, 1992, to shareowners of record as of the close of business on June 2, 1992. Venture operates 91 quality discount retail stores in eight Midwestern states. Venture's common shares and preferred Depositary Shares are traded on the New York Stock Exchange under the symbols VEN and VEN-Pr, respectively. -0- 5/22/92 /CONTACT: Jack Burtelow of Venture Stores, 314-281-7800/ (VEN) CO: Venture Stores, Inc. ST: Missouri IN: REA SU: DIV
CK -- NY026 -- 3308 05/22/92 12:21 EDT
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|Date:||May 22, 1992|
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