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SYNTEX ANNOUNCES 13 PERCENT INCREASE IN CASH DIVIDEND

 SYNTEX ANNOUNCES 13 PERCENT INCREASE IN CASH DIVIDEND
 PALO ALTO, Calif., April 23 /PRNewswire/ -- The board of directors


of Syntex Corp. (NYSE: SYN) today approved a 13 percent increase in the cash dividend on the corporation's common stock.
 The quarterly cash dividend will increase to 26 cents per common share from 23 cents, payable June 8, 1992, to shareholders of record at the close of business May 15, 1992.
 The new quarterly rate represents a new annual dividend rate of $1.04.
 This is the 106th consecutive quarterly dividend Syntex has paid on its common stock and the tenth consecutive year in which the dividend amount has been increased.
 "We are delighted to share the rewards of our strong performance in fiscal 1991 (which ended July 31, 1991) with our shareholders by increasing the regular quarterly cash dividend," said Paul Freiman, chairman and chief executive officer. "We appreciate the support of our shareholders and we remain committed to sharing our success with them."
 -0- 4/23/92
 /CONTACT: Linda Thomas, 415-852-1321; or Nancy M. Peterson 415-855-5567, both of Syntex Corp./
 (SYN) CO: Syntex Corp. ST: California IN: MTC SU: DIV


RM -- SJ003 -- 1996 04/23/92 14:40 EDT
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Publication:PR Newswire
Date:Apr 23, 1992
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