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AMERICAN HOME PRODUCTS ANNOUNCES RECORD DIVIDEND

 AMERICAN HOME PRODUCTS ANNOUNCES RECORD DIVIDEND
 NEW YORK, Oct. 29 /PRNewswire/ -- American Home Products Corporation


(NYSE: AHP) announced today that the board of directors increased the quarterly dividend on the common stock to $0.71 per share. Mr. John R. Stafford, chairman and chief executive officer, said, "This represents a 9.2 percent increase over the prior quarterly rate and is the highest level of dividend paid by the company in its history." Further, Mr. Stafford added, "At the present rate, the 1993 dividend will mark the 41st consecutive year of increases in our annual dividend."
 With this quarterly rate increase, the dividend for 1992 will be $2.66, a 12.0 percent increase over the 1991 dividend of $2.375. The dividend will be payable on Dec. 1, 1992, to stockholders of record at the close of business on Nov. 13, 1992.
 -0- 10/29/92
 /CONTACT: John L. Skule, 212-878-5015 (media), or John R. Considine, 212-878-6429 (investor), both of American Home Products/
 (AHP) CO: American Home Products Corporation ST: New York IN: HOU SU: DIV


PS -- NY038 -- 6529 10/29/92 11:19 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 29, 1992
Words:186
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