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BINDLEY WESTERN INDUSTRIES ANNOUNCES 33 PERCENT INCREASE IN CASH DIVIDEND

 INDIANAPOLIS, Aug. 9 /PRNewswire/ -- It was announced today by Chairman and CEO William E. Bindley that the board of directors had voted to increase the quarterly cash dividend to $.02 per share from $.015 per share effective with the next payment.
 In commenting, Bindley said the board recognized the strong financial position of the company and the positive future outlook. He indicated that the major capital improvement and facility upgrading programs were now substantially complete and the current programs to enhance earnings through consolidations and cost reductions warranted the dividend increase.
 The $.02 per share dividend will be payable to shareholders of record on Aug. 23, 1993, and will be paid on Sept. 7, 1993.
 Indianapolis-based Bindley Western (NASDAQ: BIND), with 1992 revenues of $2.9 billion, is one of the largest drug wholesalers in the United States specializing in the distribution of ethical pharmaceuticals and related products. The firm serves customers in over 40 states through distribution centers in Altamonte Springs, Fla.; Austell, Ga.; Brockton, Mass.; Charlotte, N.C.; Dallas; Houston; Indianapolis; Middletown, Pa.; Orlando, Fla.; Phoenix; Portland, Maine; San Dimas, Calif.; and Orange, Conn.
 -0- 8/9/93
 /CONTACT: Sue Goebel of Bindley Western Industries, Inc., 317-298-9900/
 (BIND)


CO: Bindley Western Industries, Inc. ST: Indiana IN: MTC SU: DIV

AR -- CL015 -- 0864 08/09/93 16:00 EDT
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Publication:PR Newswire
Date:Aug 9, 1993
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