SWS Group, Inc. Board Declares Cash Dividend of 9 Cents per Share Payable October 1, 2008

    DALLAS, Aug. 14 /EMWNews/ -- The Board of Directors of SWS

Group, Inc. (NYSE: SWS) declared a quarterly cash dividend of 9 cents per

share at its meeting Thursday, August 14, 2008.



    The dividend will be payable on October 1, 2008 to common shareholders

of record as of September 15, 2008.



    SWS Group, Inc. has paid a cash dividend every quarter since becoming a

public company. The cash dividend declared Thursday will be the company's

68th quarterly dividend.



    SWS Group, Inc. is a Dallas-based financial services company offering a

broad range of services through its subsidiaries -- Southwest Securities,

Inc., SWS Financial Services, Inc., M.L. Stern & Co., Southwest Securities,

FSB and Southwest Insurance Agency. The company's common stock is listed

and traded on the New York Stock Exchange under the symbol SWS.