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NATIONAL INTERGROUP DECLARES PREFERRED DIVIDEND; FOXMEYER, A NATIONAL INTERGROUP SUBSIDIARY, ALSO ANNOUNCES INITIAL DIVIDEND

NATIONAL INTERGROUP DECLARES PREFERRED DIVIDEND; FOXMEYER, A NATIONAL
 INTERGROUP SUBSIDIARY, ALSO ANNOUNCES INITIAL DIVIDEND
 DALLAS, March 26 /PRNewswire/ -- The board of directors of National Intergroup, Inc. (NYSE: NII) today declared a dividend of $1.25 per share on cumulative convertible preferred stock for the fourth quarter of its 1992 fiscal year, payable April 15, 1992, to shareholders of record April 6, 1992.
 National Intergroup's primary operating subsidiary, FoxMeyer Corporation, also announced today that its board had declared an initial dividend as a publicly held company of $0.07 per share on its common stock for the fourth quarter of its fiscal year. The FoxMeyer dividend is payable April 15, 1992, to shareholders of record April 6, 1992. FoxMeyer is the nation's third largest drug distribution company, serving independent pharmacies, chain stores, mass merchandisers, hospitals and health care institutions in 37 states.
 National Intergroup is headquartered in Dallas. The company also owns Ben Franklin Retail Stores, Inc., a franchiser of approximately 1,000 variety and craft stores.
 -0- 3/26/92
 /CONTACT: J. Warren Henry of FoxMeyer, 214-446-4270/
 (NII) CO: National Intergroup Inc. ST: Texas IN: REA SU: DIV


TQ -- NY050 -- 1959 03/26/92 12:17 EST
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Publication:PR Newswire
Date:Mar 26, 1992
Words:197
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