Walter Industries, Inc. Board Declares Quarterly Dividend

TAMPA, Fla., April 25 /PRNewswire-FirstCall/ -- Walter Industries, Inc. announced today that its Board of Directors has declared a regular quarterly dividend of $0.05 per common share, payable on June 8, 2007 to shareholders of record at the close of business on May 11, 2007.

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 coal- based products. The Company also operates a mortgage financing and affordable homebuilding business. The Company has annual revenues of approximately $1.3 billion and employs approximately 2,800 people. For more information about Walter Industries, please visit the Company Web site at http://www.walterind.com/.

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