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Published on 11/17/2006 in the Prospect News Convertibles Daily and Prospect News Distressed Debt Daily.

LSB Industries declares partial cash dividends on three series of preferreds

By Jennifer Chiou

New York, Nov. 17 - LSB Industries, Inc. said it declared partial cash dividends of $0.10 per share for its $3.25 convertible exchangeable class C series 2 preferred stock, $0.31 per share for its non-cumulative convertible preferred stock and $0.37 per share for its 12% cumulative convertible series B preferred stock.

The Oklahoma City-based manufacturer of climate-control products said the dividends will be payable on Dec. 15, adding that accrued dividends continue to increase with the payment of these partial dividends.


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