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Sears Canada declares quarterly dividend
    TORONTO, April 22 /CNW/ - (TSX: SCC) - The Board of Directors of Sears
Canada Inc. today declared a quarterly dividend of 6 cents a share on all
common shares of the Corporation.
    The dividend is payable on the 16th day of June, 2003 to shareholders of
record on the 15th day of May, 2003.

For further information: Vince Power, Sears Canada Inc., (416) 941-4422