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ARBOR DRUGS, INC. DECLARES QUARTERLY CASH DIVIDEND

 ARBOR DRUGS, INC. DECLARES QUARTERLY CASH DIVIDEND
 TROY, Mich., Aug. 27 /PRNewswire/ -- The board of directors of Arbor


Drugs, Inc. (NASDAQ-NMS: ARBR) today declared a quarterly cash dividend of $.035 a share, payable Oct. 1, 1992, to holders of record as of Sept. 17, 1992.
 On an annualized basis, Arbor's dividend rate is currently $.14 a share.
 Arbor Drugs, the nation's 21st-largest drugstore chain, currently operates 125 stores in Michigan.
 -0- 8/27/92
 /CONTACT: Gilbert C. Gerhard, chief financial officer, Arbor Drugs, Inc., 313-643-9420/
 (ARBR) CO: Arbor Drugs, Inc. ST: Michigan IN: REA SU: DIV


ML -- DE003 -- 3771 08/27/92 08:17 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 27, 1992
Words:105
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