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AMERICAN HOME PRODUCTS ANNOUNCES RECORD DIVIDEND

 MADISON, N.J., Oct. 28 /PRNewswire/ -- American Home Products Corporation (NYSE: AHP) announced today that the Board of Directors increased the quarterly dividend on the common stock to seventy-three cents (73 cents) per share, an increase of 2.8 percent over the previous quarterly dividend. With this quarterly rate increase, the dividend for 1993 will be $2.86, a 7.5 percent increase over the 1992 dividend of $2.66. Mr. John R. Stafford, Chairman and Chief Executive Officer, said, "This represents the highest dividend paid by the Company in its history and marks the 41st consecutive year of increases in our annual dividend."
 The dividend will be payable on December 1, 1993 to stockholders of record at the close of business on November 12, 1993.
 -0- 10/28/93
 /CONTACT: Louis V. Cafiero, 201-660-5013 (media); or Thomas G. Cavanagh, 201-660-5706/
 (AHP)


CO: American Home Products Corporation ST: New Jersey IN: HOU SU: DIV

WB-PS -- NY053 -- 7834 10/28/93 11:09 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
Words:163
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