Anthony Industries declares 5 percent stock dividend and regular quarterly cash dividend on increased number of shares.

LOS ANGELES--(BUSINESS WIRE)--Nov. 17, 1994--The board of directors of Anthony Industries Inc. (NYSE:ANT) Thursday declared a 5 percent stock dividend and a regular cash dividend of 11 cents per share, the cash dividend to be paid on the enlarged number of shares.

The stock dividend is payable Dec. 29, 1994, to shareholders of record at the close of business Dec. 1, 1994, and the cash dividend is payable Jan. 3, 1995, to shareholders of record at the close of business Dec. 29, 1994.

On Oct. 24, 1994, Anthony reported improved sales and earnings for its third quarter ended Sept. 30, 1994. Net income for the quarter climbed 20 percent to $4.5 million, or 40 cents a share, from $3.8 million, or 34 cents a share, a year ago. Sales for the quarter advanced 12 percent to a record $128 million.

Anthony Industries is a global manufacturer, builder and marketer of leisure, sporting goods and industrial products. The company manufactures, builds or markets leading brand-name products such as K2 in-line skates, snowboards and snow skis, Stearns active water sports equipment, Proflex full-suspension mountain bicycles, Hilton active apparel, Anthony swimming pools and Poolsaver pool covers.

The company also manufactures or markets Thermo-ply residential insulative sheathing and, under the Shakespeare brand, fishing tackle, extruded monofilaments, marine antennas and electronic instruments, and fiberglass light poles.

CONTACT: Anthony Industries Inc., Los Angeles 

John J. Rangel, 213/890-5830