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ASTROTECH INTERNATIONAL CORPORATION DECLARES FOURTH QUARTER DIVIDEND ON ITS $1.20 CUMULATIVE CONVERTIBLE PREFERRED STOCK

 ASTROTECH INTERNATIONAL CORPORATION DECLARES FOURTH QUARTER DIVIDEND
 ON ITS $1.20 CUMULATIVE CONVERTIBLE PREFERRED STOCK
 PITTSBURGH, Sept. 2, /PRNewswire/ -- Astrotech International Corporation (AMEX: AIX) announced that its Board of Directors has declared a cash dividend of $0.30 per share on its $1.20 Cumulative Convertible Preferred Stock for the fourth quarter of fiscal 1992. This cash dividend is payable on September 30, 1992 to holders of record September 18, 1992.
 Each outstanding share of preferred stock is convertible, at the option of the holder, into 4.73 shares of common stock during the five days ending September 30, 1992. On October 31, 1992, each share of preferred stock not previously converted into common stock will automatically be converted into 4.70 shares of common stock.
 Astrotech is a leading supplier of proprietary products and services for the inspection, maintenance and repair of large above ground storage tanks located primarily at petroleum and petrochemical terminals, refineries and pipeline facilities. These services and products enable its customers to comply with increasingly stringent environmental regulations and to improve operating efficiencies.
 Astrotech's common stock, $1.20 cumulative convertible preferred stock and warrants currently trade on the American Stock Exchange under the symbols AIX, AIXpf and AIXws, respectively.
 -0- 9/2/92
 /CONTACT: Raymond T. Royko, Vice President and Secretary of Astrotech International, 412-391-1896/
 (AIX) CO: Astrotech International Corporation ST: Pennsylvania IN: OIL SU: DIV


CD -- PG008 -- 5809 09/02/92 10:01 EDT
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Publication:PR Newswire
Date:Sep 2, 1992
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