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ALLEN GROUP DECLARES INCREASED QUARTERLY CASH DIVIDEND

 BEACHWOOD, Ohio, Dec. 2 /PRNewswire/ -- The Allen Group Inc. (NYSE: ALN) announced that its board of directors has declared the regular quarterly cash dividend on its common shares at the new rate of $.04 per share, an increase of 33-1/3 percent compared to the prior dividend rate of $.03 per share (adjusted for the recent stock split). This dividend is payable Jan. 7, 1994, to common stockholders of record on Dec. 14, 1993.
 Commenting on this action, Philip Wm. Colburn, chairman of Allen, stated: "This increase in our common stock dividend reflects the continued strength of the Company's performance and its strong financial position. We believe the shareholders should participate in these results."
 The Allen Group Inc. (NYSE: ALN) manufactures and markets electronic and other mobile communications products for the wireless telecommunications industry, produces and sells truck components and operates centralized automotive emissions inspection programs.
 -0- 12/2/93
 /CONTACT: Robert A. Youdelman of The Allen Group Inc., 216-765-5820/
 (ALN)


CO: The Allen Group Inc. ST: Ohio IN: TLS AUT SU: DIV

AR -- CL008 -- 9686 12/02/93 09:59 EST
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Publication:PR Newswire
Date:Dec 2, 1993
Words:182
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