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INGERSOLL-RAND ANNOUNCES STOCK SPLIT AND INCREASES DIVIDEND TO RECORD LEVEL

 INGERSOLL-RAND ANNOUNCES STOCK SPLIT
 AND INCREASES DIVIDEND TO RECORD LEVEL
 WOODCLIFF LAKE, N.J., May 6 /PRNewswire/ -- The board of directors of Ingersoll-Rand Company (NYSE: IR), today announced a 2-for-1 stock split of the company's common stock and increased the regular quarterly cash dividend to a record 17-1/2 cents per common share on post-split shares, or the equivalent of 35 cents per common share before the split. Previous quarterly dividends were 33 cents per share (on a pre-split basis).
 The stock split is to be effected in the form of a stock dividend and will be payable, together with the increased cash dividend on June 1, 1992, to stockholders of record on May 19, 1992.
 "The company views the stock split and the increased cash dividend as a vote of confidence for the future of our business," said Theodore H. Black, chairman and chief executive officer. "Shareholder value should be enhanced by these actions and the increased number of shares outstanding will increase market liquidity," Black concluded.
 Ingersoll-Rand is a New Jersey-based machinery manufacturing company which has paid dividends on its common stock every year since 1910.
 -0- 5/6/92
 /CONTACT: Richard D. Johnson, 201-573-3087, or Paul A. Dickard, 201-573-3120, both of Ingersoll-Rand/
 (IR) CO: Ingersoll-Rand Company ST: New Jersey IN: SU: DIV


PS-TS -- NY046 -- 7061 05/06/92 11:52 EDT
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Publication:PR Newswire
Date:May 6, 1992
Words:224
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