Printer Friendly

ARVIN DECLARES 12 PERCENT INCREASE IN QUARTERLY CASH DIVIDEND

 ARVIN DECLARES 12 PERCENT INCREASE IN QUARTERLY CASH DIVIDEND
 COLUMBUS, Ind., Nov. 12 /PRNewswire/ -- The board of directors of Arvin Industries, Ind. (NYSE: ARV) today declared a quarterly cash dividend in the amount of $0.19 per common share, payable Dec. 31, 1992 to shareholders of record as of the close of business Dec. 18, 1992.
 This quarter's dividend represents a 12 percent increase compared to the previous quarterly dividend of 17 cents per common share.
 Chairman and chief executive officer James K. Baker said, "We are bullish about our future. We see increasing evidence that we are the price and quality leader in many of our markets, and are being rewarded with new business from many directions. We look to 1993 with confidence in our ability to increase operating results in spite of less than rosy forecasts of economic activity in both North America and the European Community."
 The resignation of Douglas G. Fleming, who cited health reasons, was accepted by the board of directors at this meeting.
 This is the 68th consecutive year in which cash dividends have been paid on Arvin common shares.
 Arvin Industries, Inc. is an international manufacturing company supplying automotive parts and related products and services in more than 100 countries throughout the world.
 -0- 11/12/92
 /CONTACT: John Brown of Arvin Industries, Inc., 812-379-3389/
 (ARV) CO: Arvin Industries, Inc. ST: Indiana IN: AUT SU: DIV


KK -- CL010 -- 0221 11/12/92 13:29 EST
COPYRIGHT 1992 PR Newswire Association LLC
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.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 12, 1992
Words:242
Previous Article:BANKRUPTCY COURT EXTENDS CHAPTER 11 EXCLUSIVITY PERIODS FOR COLUMBIA COMPANIES
Next Article:HEALTHTRUST, INC. ELECTS BOARD MEMBER, ANNOUNCES PROMOTIONS
Topics:


Related Articles
ARVIN DECLARES CASH DIVIDENDS
ARVIN DECLARES QUARTERLY CASH DIVIDEND
ARVIN DECLARES CASH DIVIDEND
ARVIN DECLARES CASH DIVIDEND
ARVIN DECLARES CASH DIVIDEND
ARVIN DECLARES CASH DIVIDEND
ARVIN DECLARES CASH DIVIDEND
ARVIN DECLARES CASH DIVIDEND
ARVIN DECLARES CASH DIVIDEND
ARVIN DECLARES CASH DIVIDEND

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters