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BWIP HOLDING INC. INCREASES DIVIDEND AND DECLARES SECOND QUARTER PAYOUT

BWIP HOLDING INC. INCREASES DIVIDEND AND DECLARES SECOND QUARTER PAYOUT
 LONG BEACH, Calif., May 19 /PRNewswire/ -- The board of directors of BWIP Holding Inc. (NASDAQ-NMS: BWIP), parent company of BW/IP International Inc., has increased the annual dividend on its class A common stock from $.15 to $.24 per share, an increase of 60 percent.
 At the same time, the board declared a regular second quarter dividend of $.06 per share, payable on July 3, 1992, to shareholders of record on June 18, 1992.
 BW/IP International is a worldwide supplier of advanced-technology pump, seal and fluid control equipment and services. The company's pump and seal segment produces highly engineered pumps and pumping equipment, precision mechanical seals, seal systems and accessories. The fluid controls segment manufactures aerospace control systems for tactical missiles and aircraft.
 -0- 5/19/92
 /CONTACT: Dan Peoples of Peoples & Co., 213-435-3700 ext. 2307, for BWIP Holding/
 (BWIP) CO: BWIP Holding Inc. ST: California IN: ARO SU: DIV


DM-EH -- SD001 -- 1906 05/19/92 14:08 EDT
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Publication:PR Newswire
Date:May 19, 1992
Words:170
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