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AIR EXPRESS INTERNATIONAL CORPORATION ANNOUNCES QUARTERLY CASH DIVIDEND

 DARIEN, Conn., June 24 /PRNewswire/ -- Air Express International (AMEX: AEX) announced this morning at its 1993 annual meeting of shareholders that its board of directors has declared a quarterly cash dividend of five cents ($.05) per share. The dividend is payable on July 30, 1993 to shareholders of record on July 9, 1993. The $.05 quarterly dividend is a forty-three percent increase over the existing dividend paid by the company.
 Air Express International is the oldest U.S.-based international air freight forwarder. The company reported earnings for the quarter ended March 31, 1993 or $3,452,000 or $.29 per share on revenues of $153,344,000.
 -0- 6/24/93
 /CONTACT: Dennis M. Dolan, vice president and chief financial officer of Air Express International, 203-655-7900/
 (AEX)


CO: Air Express International Corporation ST: Connecticut IN: TRN SU: DIV

MP-OS -- NY046 -- 5319 06/24/93 12:31 EDT
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Publication:PR Newswire
Date:Jun 24, 1993
Words:148
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