Walter Industries, Inc. Board Declares Quarterly Dividend

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Thu Oct 23, 2008 4:30pm EDT

TAMPA, Fla., Oct. 23 /PRNewswire-FirstCall/ -- Walter Industries, Inc.
(NYSE: WLT) announced today that its Board of Directors has declared a regular
quarterly dividend of $0.10 per common share, payable on Dec. 5, 2008 to
shareholders of record at the close of business on Nov. 7, 2008.
    About Walter Industries
    Walter Industries, Inc., based in Tampa, Fla., is a leading producer and
exporter of metallurgical coal for the global steel industry and also produces
steam coal, coal bed methane gas, furnace and foundry coke and other related
products. The Company also operates a mortgage financing and affordable
homebuilding business. The Company has annual revenues of approximately $1.2
billion and employs approximately 2,500 people. For more information about
Walter Industries, please visit the Company Web site at www.walterind.com .
SOURCE  Walter Industries, Inc.

Investor Contact: Mark Tubb, Vice President - Investor Relations,
+1-813-871-4027, mtubb@walterind.com; Media Contact: Michael A. Monahan,
Director - Corporate Communications, +1-813-871-4132, mmonahan@walterind.com,
both of Walter Industries, Inc.
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