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FAMILY DOLLAR INCREASES QUARTERLY CASH DIVIDEND

 MATTHEWS, N.C., Jan. 21 /PRNewswire/ -- The Board of Directors of Family Dollar Stores, Inc. (NYSE: FDO), today declared a quarterly cash dividend on the Company's common stock of 7-1/2 cents per share, payable April 15, 1993, to shareholders of record at the close of business on March 15, 1993. The dividend of 7-1/2 cents per share is an increase of 15 percent from the preceding quarterly cash dividend of 6-1/2 cents per share.
 In announcing the dividend increase at the Annual Meeting of Stockholders, Leon Levine, Chairman of the Company, stated that: "This dividend increase represents the seventeenth consecutive year that the dividend has been increased. Family Dollar began paying quarterly cash dividends in fiscal year 1976, and this increase reflects both Family Dollar's sound financial condition and our confidence in the growth prospects of our Company."
 Family Dollar Stores, Inc. operates a chain of 1,916 discount stores in 31 states ranging as far northwest as Wisconsin, northeast to Massachusetts, southeast to Florida and southwest to Texas.
 -0- 1/21/93
 /CONTACT: George R. Mahoney, Jr., Executive Vice President, Family Dollar Stores, Inc., 704-847-6961/
 (FDO)


CO: Family Dollar Stores, Inc. ST: North Carolina IN: REA SU: DIV

MM -- CH009 -- 7462 01/21/93 13:37 EST
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Publication:PR Newswire
Date:Jan 21, 1993
Words:211
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