Newspaper article THE JOURNAL RECORD

LSB Industries Directors Declare Cash Dividends

Newspaper article THE JOURNAL RECORD

LSB Industries Directors Declare Cash Dividends

Article excerpt

Cash dividends have been declared by the board of directors of LSB Industries Inc., the Oklahoma City company said Wednesday.

The board of directors of LSB declared a cash dividend of 3 cents per share on LSB's outstanding shares of common stock, payable July 1 to the stockholders of record June 15.

Jack E. Golsen, board chairman, said the board had previously announced a policy to pay a dividend on its common shares of 6 cents per annum payable semiannually subject to board approval.

The board of directors declared a cash dividend of 18 cents a share on LSB's outstanding shares of $3.25 Convertible Exchangeable Class C Preferred Stock, Series 2, payable June 15 to stockholders of record June 4.

Golsen said the dividend of 18 cents on the Series 2 Preferred Stock was the regular quarterly dividend on the newly issued stock for the 20 day time period from the date of issuance of May 27 to the regularly scheduled quarterly payment date of June 15. …

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