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BAXTER RAISES DIVIDEND 16.3 PERCENT

 DEERFIELD, Ill., Feb. 15 /PRNewswire/ -- In a move that reflects the company's continued confidence in its future, Baxter International's (NYSE: BAX) board of directors today voted to raise the quarterly dividend on Baxter common stock by 16.3 percent, from 21.5 cents to 25 cents per share. This is the 38th consecutive year the company has increased the dividend on its common shares.
 "This increase is especially significant given the company's recent spinoff of our $1.5-billion businesses in alternate-site health care," said Robert J. Lambrix, Baxter's chief financial officer. "Though somewhat smaller, we now are more focused on our remaining core businesses. Our strategies are clear: to help our customers improve health care and lower costs, to introduce a steady stream of innovative new products and to expand our business in global health-care markets. These strategies should allow Baxter to continue its strong, consistent growth."
 The quarterly dividend is payable April 1, 1993, to shareholders of record on March 10, 1993. The dividend was last increased in February 1992.
 Baxter is the leading manufacturer and marketer of health-care products, systems and services worldwide. In 1992, the company reported record sales from continuing operations of $8.5 billion and record earnings per common share from continuing operations of $1.99.
 ANNUAL DIVIDENDS PAID PER COMMON SHARE:
 1988 1989 1990 1991 1992 1993 (A)
 $0.50 $0.56 $0.64 $0.74 $0.86 $1.00
 (A) indicated annual dividend.
 -0- 2/15/93
 /CONTACT: Geoffrey Fenton of Baxter, 708-948-3436/
 (BAX)


CO: Baxter International ST: Illinois IN: HEA SU: DIV

PS -- NY022 -- 6561 02/15/93 14:24 EST
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Publication:PR Newswire
Date:Feb 15, 1993
Words:269
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