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WOOLWORTH BOOSTS QUARTERLY DIVIDEND

 WOOLWORTH BOOSTS QUARTERLY DIVIDEND
 NEW YORK, April 8 /PRNewswire/ -- Woolworth Corporation (NYSE: Z)


said its board of directors today declared a 4 percent increase in the cash dividend paid on Woolworth's common stock, raising the quarterly dividend rate to $.28 per share from $.27 per share. The increased dividend will be payable June 1, 1992, to shareholders of record on May 1, 1992.
 The board also declared a quarterly cash dividend on Woolworth's $2.20 Series A Convertible Preferred Stock of $.55 per share, also payable June 1, 1992, to shareholders of record on May 1, 1992.
 -0- 4/8/92
 /CONTACT: Frances E. Trachter of Woolworth, 212-553-2394/
 (Z) CO: Woolworth Corporation ST: New York IN: REA SU: DIV


CK -- NY066 -- 6276 04/08/92 12:52 EDT
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Publication:PR Newswire
Date:Apr 8, 1992
Words:128
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