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MERRIMAC INDUSTRIES DECLARES DIVIDEND

 WEST CALDWELL, N.J., Feb. 25 /PRNewswire/ -- Merrimac Industries, Inc. (AMEX: MRM) today declared a quarterly cash dividend of 7-1/2 cents per share on its common stock, payable on March 22, 1993, to shareholders or record on March 10, 1993.
 Merrimac Industries, Inc. is headquartered in West Caldwell where it employs 117 persons in the manufacture of high-performance components for communications, defense and aerospace. In the year-end results for 1992, Merrimac reported a net income of $369,843 from revenues of $12,444,624. In its fourth quarter results for 1992, when compared to the same period in 1991, net sales rose 14.8 percent and produced a 96.5 percent decrease in net income. The net income per share fell by 100 percent, in most part due to the cost of writing off the acquisition of BTI, now known as Merrimac (Ontario), Ltd., and of absorbing Microwave Research and Development. It is anticipated that the acquisition of MRD will be generating significant revenues and profits in 1993. Merrimac is listed as MRM on the American Stock Exchange.
 -0- 2/25/93
 /CONTACT: Paul Terranova of Merrimac Industries, Inc., 201-575-1300/
 (MRM)


CO: Merrimac Industries, Inc. ST: New Jersey IN: ARO SU: DIV

CK-TS -- NY028 -- 0329 02/25/93 10:55 EST
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Publication:PR Newswire
Date:Feb 25, 1993
Words:212
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