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PENWEST DECLARES QUARTERLY DIVIDEND

    BELLEVUE, Wash., Oct. 27 /PRNewswire/ -- The board of directors of PENWEST (NASDAQ: PENW) today declared a regular 5-cents-per-share cash dividend payable Dec. 6 to shareholders of record at the close of business Nov. 19.
    PENWEST develops, manufactures and markets specialty carbohydrate and synthetic polymer chemicals for papermaking.  The company also produces and markets specialty food ingredients, agricultural nutrition supplements and pharmaceutical excipient products, the non-active ingredients in tablets and capsules.
    -0-             10/27/93
    CONTACT:  Jeffrey T. Cook of PENWEST, 206-462-6000
    (PENW) CO:  PENWEST IN:  CHM SU:  DIV ST:  WA


-- SE004 -- X386 10/27/93
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Publication:PR Newswire
Date:Oct 27, 1993
Words:95
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