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Sears Canada declares quarterly dividend

TORONTO, Oct 26, 2004 (Canada NewsWire via COMTEX) -- (TSX: SCC) - The Board of Directors of Sears Canada Inc. declared a quarterly dividend of 6 cents a share on all common shares of the Corporation.

The dividend is payable on the 15th day of December, 2004 to shareholders of record on the 15th day of November, 2004.

VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=58312

For further information: Vince Power, Sears Canada Inc., (416) 941-4422
News release via Canada NewsWire, Toronto 416-863-9350