USX Corporation Declares First Quarter Marathon Dividend And Reduced U. S. Steel Group Dividend

Apr 24, 2001, 01:00 ET from USX Corporation

    PITTSBURGH, April 24 /PRNewswire Interactive News Release/ -- USX
 Corporation announced that the Board of Directors declared dividends of
 23 cents per share on USX-Marathon Group (NYSE:   MRO) Common Stock and 10 cents
 per share on USX-U. S. Steel Group (NYSE:   X) Common Stock, a decrease of
 15 cents per share.  The dividends are in each case payable June 9, 2001, to
 stockholders of record at the close of business May 16, 2001.  The directors
 also declared a dividend of $0.8125 per share on USX Corporation's 6.50%
 Cumulative Convertible Preferred Stock.  This dividend is payable June 29,
 2001 to stockholders of record at the close of business May 31, 2001.
     Commenting on the U. S. Steel Group dividend reduction, USX Corporation
 Board Chairman Thomas J. Usher said, "The Board makes dividend decisions after
 considering, among other things, the long-term earnings and cash flow
 capabilities of the U. S. Steel Group as well as the dividend policies of
 similar publicly traded steel companies."
     Usher continued, "It is clear from a cash flow perspective that we have
 not earned the prior dividend for the past two years.  The combination of the
 steel import crisis, depressed industry conditions and the uncertain domestic
 economy makes a dividend reduction prudent at this time."
 
     Visit USX Corporation's web site at http://www.usx.com.  USX Corporation
 press releases are available through Company News On-Call by fax,
 800-758-5804, ext. 929150, or at http://www.prnewswire.com/comp/929150.html;
 or by fax, 800-758-5804, ext. 133204, or at
 http://www.prnewswire.com/comp/133204.html.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X45154297
 
 

SOURCE USX Corporation
    PITTSBURGH, April 24 /PRNewswire Interactive News Release/ -- USX
 Corporation announced that the Board of Directors declared dividends of
 23 cents per share on USX-Marathon Group (NYSE:   MRO) Common Stock and 10 cents
 per share on USX-U. S. Steel Group (NYSE:   X) Common Stock, a decrease of
 15 cents per share.  The dividends are in each case payable June 9, 2001, to
 stockholders of record at the close of business May 16, 2001.  The directors
 also declared a dividend of $0.8125 per share on USX Corporation's 6.50%
 Cumulative Convertible Preferred Stock.  This dividend is payable June 29,
 2001 to stockholders of record at the close of business May 31, 2001.
     Commenting on the U. S. Steel Group dividend reduction, USX Corporation
 Board Chairman Thomas J. Usher said, "The Board makes dividend decisions after
 considering, among other things, the long-term earnings and cash flow
 capabilities of the U. S. Steel Group as well as the dividend policies of
 similar publicly traded steel companies."
     Usher continued, "It is clear from a cash flow perspective that we have
 not earned the prior dividend for the past two years.  The combination of the
 steel import crisis, depressed industry conditions and the uncertain domestic
 economy makes a dividend reduction prudent at this time."
 
     Visit USX Corporation's web site at http://www.usx.com.  USX Corporation
 press releases are available through Company News On-Call by fax,
 800-758-5804, ext. 929150, or at http://www.prnewswire.com/comp/929150.html;
 or by fax, 800-758-5804, ext. 133204, or at
 http://www.prnewswire.com/comp/133204.html.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X45154297
 
 SOURCE  USX Corporation

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