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G&K SERVICES ANNOUNCES THREE-FOR-TWO STOCK SPLIT, INCREASES CASH DIVIDEND

 MINNEAPOLIS, Oct. 29 /PRNewswire/ -- G&K Services, Inc. (NASDAQ-NMS: GKRSA) today announced that the board of directors has declared a three-for-two stock split of the company's common stock in the form of a 50 percent stock dividend. Following the stock dividend, which will be effective Jan. 4, 1994, to shareholders of record Dec. 10, 1993, there will be approximately 20.3 million shares outstanding.
 The directors also adjusted G&K's quarterly cash dividend to $.0175 on each share outstanding after the stock split, equal to a 5 percent increase. The dividend is payable Jan. 4, 1994, to shareholders of record Dec. 10, 1993.
 In announcing the stock split, Board Chairman Richard Fink said, "This action reinforces our confidence in G&K's current operations and prospects for continued growth."
 G&K Services is one of North America's largest suppliers of uniforms and related textile products. In the United States, the company operates in 24 states, from 21 processing plants and 30 sales and service centers. In Canada, G&K serves customers from 22 locations including eight processing plants in the provinces of Ontario and Quebec. Its stock is traded on the NASDAQ National Market System under the symbol GKSRA.
 NOTE: To receive the latest information about G&K Services, Inc., via fax, at no cost, dial 800-PRO-INFO, code 078.
 -0- 10/29/93
 /CONTACT: Richard Fink, chairman of G&K Services, 612-546-7440; or Nick Farina of Financial Relations Board, Chicago, 312-266-7800; or Howard Zar of Financial Relations Board, New York, 212-661-8030/
 (GKSRA)


CO: G&K Services, Inc. ST: Minnesota IN: TEX SU: DIV

MP -- NY028 -- 8436 10/29/93 10:50 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
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