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KAHLER PLANS TWO FOR ONE STOCK SPLITAND COMMON STOCK CASH DIVIDEND OF $.02 AFTER SPLIT

 ROCHESTER, Minn., April 30 /PRNewswire/ -- Kahler Corporation's (NASDAQ: KHLR) board of directors today approved a two for one split of Kahler's shares of common stock. The record date for the stock split will be close of business, Friday, May 14, 1993. Date of issue will be June 1, 1993.
 "The company is of the opinion that it is important to have more common shares in the market for trading," said Harold W. Milner, president and chief executive officer.
 In addition, the Kahler Corporation board of directors today approved a quarterly common stock cash dividend of $.02 per share after the stock split. The record date for the cash dividend will be June 10, 1993 and payable on July 1, 1993.
 "The company is pleased to announce that, due to its strong funds flow from operation and the outlook for 1993, it is in a position to reinstate a cash dividend," commented Harold W. Milner. "In addition, the company plans on continuing the stock repurchase plan which was previously announced in March 1993."
 Kahler Corporation operates 16 hotels in Minnesota, Utah, Idaho, Arizona, Michigan, Wisconsin, West Virginia and Texas. Its subsidiary, Textile Care Services (which today opened a new laundry in Rochester), provides institutional laundry services for southeastern Minnesota and the Salt Lake City area. Another subsidiary, Anderson's Formal Wear, provides wholesale and retail formal wear rental throughout most of the Midwest.
 Kahler's stock is traded on the NASDAQ National Markets listing service. Its trading symbol is KHLR.
 -0- 4/30/93
 /CONTACT: Mary Farrell of Kahler Corporation, 507-285-2707/
 (KHLR)


CO: Kahler Corporation ST: Minnesota IN: LEI SU: DIV

KH -- MN008 -- 3339 04/30/93 15:19 EDT
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Publication:PR Newswire
Date:Apr 30, 1993
Words:277
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