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AVON ANNOUNCES INCREASE IN QUARTERLY DIVIDEND

 AVON ANNOUNCES INCREASE IN QUARTERLY DIVIDEND
 NEW YORK, Aug. 3 /PRNewswire/ -- Avon Products Inc. (NYSE: AVP)


today declared an increase in the regular quarterly dividend on common shares from 35 cents to 40 cents, which is an annual rate of $1.60 per share up from the current rate of $1.40.
 The third quarter dividend at the new rate will be payable on Sept. 1, 1992, to shareholders of record on Aug. 20. The new quarterly dividend represents an increase of 14 percent on an annual basis.
 With this move, Avon, in the past 18 months, will have taken its regular dividend from $1.00 to $1.60, a 60 percent increase, plus paid out a $3.00 special dividend in September 1991 -- demonstrating its commitment to provide enhanced returns to its shareholders.
 Avon is the world's leading direct seller and marketer of beauty and related products with $3.6 billion in annual revenues. Avon markets its products to women in more than 100 countries through 1.5 million independent representatives. Avon product lines include such recognizable brands as Skin-So-Soft, Moisture Therapy, Color Rich Lipstick and Imari fragrance. Avon is also the world's largest manufacturer of fashion jewelry and markets an extensive line of gifts and collectibles.
 -0- 8/3/92
 /CONTACT: Elaine Benvenuto of Avon, 212-546-6058/
 (AVP) CO: Avon Products Inc. ST: New York IN: HOU SU: DIV


LR -- NY013 -- 6012 08/03/92 09:15 EDT
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Publication:PR Newswire
Date:Aug 3, 1992
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