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BANTA ANNOUNCES STOCK DIVIDEND AND INCREASES CASH DIVIDEND

 MENASHA, Wis., Feb. 2 /PRNewswire/ -- The board of directors of Banta Corporation (NASDAQ: BNTA) today approved a three-for-two common stock split to be effected through a 50 percent stock dividend and an increase in the number of authorized common shares from 30 million to 75 million. The board also declared a cash dividend of 18 cents per common share (on the pre-split shares), which represents a 13 percent increase over the prior quarterly rate of 16 cents per share.
 The stock split is contingent on shareholders approving the increase in authorized shares at the Annual Meeting scheduled Apr. 13, 1993. If the increase is approved, the new shares will be distributed Apr. 30 to shareholders of record Apr. 23. Cash will be paid in lieu of the issuance of fractional shares. Banta's last stock split (two-for-one) occurred Apr. 30, 1985.
 The increased cash dividend is payable Apr. 30 to shareholders of record Apr. 23. This year will be the 16th consecutive year of increased dividend payout to shareholders.
 "Record-setting 1992 sales and earnings, and our continual pursuit of greater returns for Banta shareholders prompted the dividend increase," explains Chairman Calvin W. Aurand, Jr. "The stock split recommendation follows the steady rise in our stock price during 1992 and early 1993, which we feel reflects recognition by the securities markets of Banta Corporation's overall strength and prospects for future growth."
 Banta Corporation is one of the nation's leading graphic arts companies, offering diverse printing and graphic services.
 -0- 2/2/93
 /CONTACT: Gerald A. Henseler, executive vice president, Banta Corporation, 414-722-7777/
 (BNTA)


CO: Banta Corporation ST: Wisconsin IN: PUB SU: DIV

BM -- CL013 -- 1942 02/02/93 13:45 EST
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Publication:PR Newswire
Date:Feb 2, 1993
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