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NO DIVIDEND CHANGE CURRENTLY CONTEMPLATED, SYNTEX TELLS ANALYSTS

 NEW YORK, July 21 /PR Newswire/ -- Syntex Corp. (NYSE: SYN) told securities analysts at a meeting today in New York City that based on its assessment of the company's financial condition and future outlook, including anticipated revenues, it is not currently contemplating any changes in the company's dividend on its common stock. The current dividend rate is $0.26 per share per quarter.
 Syntex Chairman and Chief Executive Officer Paul E. Freiman made the statement at a long-scheduled meeting of the New York Society of Securities Analysts Health Care Splinter Group. Approximately 80 analysts and portfolio managers attended the meeting. Further details of the meeting will follow after its conclusion later today.
 -0- 7/21/93
 /CONTACT: Linda Thomas of Syntex, 415-852-1321/
 (SYN)


CO: Syntex Corp. ST: California IN: HEA SU: DIV

TM -- SJ007 -- 3970 07/21/93 13:08 EDT
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Publication:PR Newswire
Date:Jul 21, 1993
Words:141
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