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JMC GROUP, INC. DECLARES QUARTERLY CASH DIVIDEND

 SAN DIEGO, Calif., Oct. 18 /PRNewswire/ -- JMC Group Inc. (NASDAQ: JMCG) today announced that its board of directors has declared a quarterly cash dividend on its common stock of $0.07 per share. The dividend is payable on Nov. 1, 1993 to shareholders of record at the close of business on Oct. 25, 1993.
 "We continue to be very optimistic about the prospects for the company for the remainder of 1993 and next year," said James Mitchell, chairman and chief executive officer. "Operations began at Sumitomo Bank, our newest client, in September and are proceeding on schedule. In addition, we have been extremely active in our efforts to bring on new clients."
 The company anticipates that it will release earnings results for the third quarter ended Sept. 30, 1993 during the last week of October.
 JMC Group Inc., through its subsidiary James Mitchell & Co., is a leading marketer of annuities and other insurance products and mutual funds to customers of financial institutions.
 -0- 10/18/93
 /CONTACT: Doug Sherk or Jenifer Kirtland, 415-296-7383, or Michele Katz, 212-850-5600, all of Morgen-Walke for JMC Group/
 (JMCG)


CO: JMC Group Inc. ST: California IN: FIN SU: DIV

PK-TM -- SF012 -- 3486 10/18/93 15:06 EDT
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Publication:PR Newswire
Date:Oct 18, 1993
Words:203
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