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BANDAG DECLARES DIVIDEND

 BANDAG DECLARES DIVIDEND
 MUSCATINE, Iowa, Aug. 5 /PRNewswire/ -- The board of directors of


Bandag, Incorporated (NYSE: BDG), today declared a regular quarterly dividend of 15 cents per share on the common stock, Class A common stock and Class B common stock of the company payable Oct. 22, 1992, to shareholders of record at the close of business on Sept. 21, 1992.
 Also, the board of directors approved a new stock purchase program which authorizes Bandag to purchase up to 2 million shares of its outstanding common stock and/or Class A common stock from time to time in the open market or in private transactions. This authorization supersedes the current existing share purchase program under which 981,200 shares of Bandag's common stock are currently authorized for purchase. On June 10, 1992, Bandag paid a 100 percent stock dividend in shares of its non-voting Class A common stock, thereby effecting a two-for-one stock split.
 Bandag, Incorporated manufactures retreading materials and equipment for its worldwide network of over 1,200 independent franchised dealers who produce and market cold process retreads.
 -0- 8/5/92
 /CONTACT: Thomas E. Dvorchak of Bandag, 319-262-1332/
 (BDG) CO: Bandag, Incorporated ST: Iowa IN: SU: DIV


PS -- NY058 -- 7113 08/05/92 12:48 EDT
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Publication:PR Newswire
Date:Aug 5, 1992
Words:208
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