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MCDERMOTT INTERNATIONAL BOARD VOTES TO DECLARE DIVIDENDS

 NEW ORLEANS, June 15 /PRNewswire/ -- Robert E. Howson, chairman of the board and chief executive officer of McDermott International, Inc. (NYSE: MDR), said today the board of directors voted a quarterly dividend of $0.25 a share on the common stock of the company, payable July 1 to stockholders of record on June 24.
 In a separate action, the board of directors of McDermott Incorporated, a subsidiary of McDermott International, Inc., declared a quarterly dividend of $0.55 a share on the Series A $2.20 Cumulative Convertible Preferred Stock and $0.65 a share on the Series B $2.60 Cumulative Preferred Stock, both payable July 1 to stockholders of record on June 24.
 The annual meeting of the stockholders of McDermott International, Inc., for the fiscal year ended March 31 will be held on Tuesday, Aug. 10, in the LaSalle Ballroom of the Hotel Inter-Continental, 444 Saint Charles Avenue, New Orleans, commencing at 9:30 a.m. local time. Stockholders of record at the close of business on July 1 will be entitled to vote at that meeting.
 McDermott International, Inc. is a leading worldwide energy services company. The company and its subsidiaries manufacture steam-generating equipment, environmental equipment, and defense and aerospace products. They also provide engineering and construction services for industrial and utility facilities onshore, and to the oil and gas industry offshore.
 -0- 6/15/93
 /CONTACT: Don Washington of McDermott International, 504-587-4080/
 (MDR)


CO: McDermott International, Inc.; McDermott Incorporated ST: Louisiana IN: OIL SU: DIV

BN-RA -- AT002 -- 2153 06/15/93 13:07 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
Words:259
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