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BALDWIN & LYONS, INC. ANNOUNCEMENT OF QUARTERLY DIVIDEND AND THREE-FOR-ONE STOCK SPLIT

 INDIANAPOLIS, Nov. 3 /PRNewswire/ -- At their regular quarterly meeting on Nov. 2, 1993, the board of directors of Baldwin & Lyons, Inc. (NASDAQ: BWINA, BWINB) declared the regular quarterly dividend of $.15 per share on its Class A and Class B common stock payable Nov. 30, 1993 to shareholders of record on Nov. 16, 1993.
 The board of directors also declared a three-for-one stock split on both the Class A and Class B common stock. The stock split will be distributed on Dec. 1, 1993 to shareholders of record on Nov. 17, 1993.
 -0- 11/3/93
 /CONTACT: Gregory A. Bonnell of Baldwin & Lyons, 317-636-9800/
 (BWINA BWINB)


CO: Baldwin & Lyons, Inc. ST: Indiana IN: INS SU: DIV

BM-KL -- CL007 -- 9987 11/03/93 09:01 EST
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Publication:PR Newswire
Date:Nov 3, 1993
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