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DAVIS WATER & WASTE OMITS QUARTERLY CASH DIVIDEND

 DAVIS WATER & WASTE OMITS QUARTERLY CASH DIVIDEND
 THOMASVILLE, Ga., Dec. 4 /PRNewswire/ -- Davis Water & Waste


Industries, Inc. (NYSE: DWW), today announced it will omit payment of the third quarter cash dividend. The company had paid cash dividends since fiscal 1984 and began paying quarterly dividends in September 1988. The most recent payment was 5 cents per share on Oct. 4, 1991.
 "This action was taken in continuing a broad-based cost reduction program necessitated by continuing weakness in the markets we serve," Doyle White, president, said. "The dividend policy is reviewed quarterly and the board of directors is dedicated to the resumption of payments as soon as prudent," he added.
 Davis Water & Waste Industries designs, engineers, manufactures, sells and installs water and sewage treatment and pumping equipment, and sells certain process materials used to treat water and sewage to comply with applicable health and water quality standards. The company also markets products relating to the distribution of water and the treatment of water and sewage.
 -0- 12/4/91
 /CONTACT: Stan White of Davis Water & Waste Industries, 912-226-5733; or Hal LeVay of Porter, LeVay & Rose, 212-564-4700, for Davis Water & Waste Industries/
 (DWW) CO: Davis Water & Waste Industries, Inc. ST: Georgia IN: UTI SU: DIV


GK -- NY023 -- 9076 12/04/91 09:54 EST
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Publication:PR Newswire
Date:Dec 4, 1991
Words:212
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