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ARBOR DRUGS, INC. DECLARES QUARTERLY CASH DIVIDEND

 TROY, Mich., Aug. 31 /PRNewswire/ -- The Board of Directors of Arbor Drugs, Inc. (NASDAQ-NMS: ARBR) today declared a quarterly cash dividend of $.05 a share, payable Oct. 5, 1993, to holders of record as of Sept. 21, 1993.
 On an annualized basis, Arbor's dividend rate is currently $.20 a share.
 Arbor Drugs, the nation's 20th largest drugstore chain, currently operates 139 stores in Michigan.
 -0- 8/31/93
 /CONTACT: Gilbert C. Gerhard, chief financial officer of Arbor Drugs, 313-643-9420/
 (ARBR)


CO: Arbor Drugs, Inc. ST: Michigan IN: REA SU: DIV

SB-DC -- DE007 -- 7379 08/31/93 09:12 EDT
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Publication:PR Newswire
Date:Aug 31, 1993
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