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 PIPER JAFFRAY COMPANIES INCREASES QUARTERLY DIVIDEND 43 PERCENT
 MINNEAPOLIS, Nov. 11 /PRNewswire/ -- The board of directors of Piper Jaffray Companies Inc. (NYSE: PJC), the Minneapolis-based financial services firm, today announced that it has authorized a 43 percent increase in the company's 17.5 cents quarterly common stock dividend. The new quarterly dividend is 25 cents per share.
 The board declared its quarterly dividend of 25 cents per share, payable on Dec. 8, 1992, to shareholders of record on Nov. 24, 1992.
 "The dividend increase reflects the board's confidence in the future earnings strength of Piper Jaffray Companies," said Addison L. Piper, chairman of the board and chief executive officer. "We are pleased to be able to increase shareholder value by sharing the benefits of our strong performance in the form of a substantially increased dividend."
 Piper Jaffray Companies is the parent company of Piper Jaffray Inc., a full-service investment firm with 67 retail sales offices in 16 Midwest, Mountain, Southwest and Pacific Northwest states. Piper Jaffray has capital markets offices in Minneapolis; New York; Seattle; Portland, Ore.; Los Angeles; Kansas City, Mo.; Denver; Lincoln, Neb.; Des Moines, Iowa; and London. Other subsidiaries include Piper Capital Management Incorporated, an asset management company with more than $9 billion under management; and Piper Trust Company, which provides trust services to individuals and institutions. Founded in 1895, Piper Jaffray is a member of the New York Stock Exchange and other major stock exchanges.
 -0- 11/11/92 R
 /CONTACT: Marie Uhrich of Piper Jaffray, 612-342-6583/
 (PJC) CO: Piper Jaffray Companies, Inc. ST: Minnesota IN: FIN SU: DIV


KH -- MN002 -- 0120 11/12/92 10:54 EST
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Publication:PR Newswire
Date:Nov 12, 1992
Words:278
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