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COOPER INDUSTRIES' BOARD RAISES COMMON DIVIDEND

 HOUSTON, Feb. 17 /PRNewswire/ -- The board of directors of Cooper Industries, Inc. (NYSE: CBE) today increased the quarterly dividend rate on the company's common stock to 33 cents from 31 cents, or to $1.32 on an annualized basis.
 The first quarterly dividend on the common shares at the new rate is payable April 1, 1993. A quarterly dividend of 40 cents on each $1.60 convertible exchangeable preferred share is also payable April 1. The record date for both common and preferred dividends is March 2, 1993.
 "The increase in the dividend rate reflects the board's confidence in the company's future," said Robert Cizik, chairman and chief executive officer. Earlier this month, the company reported its second- best year of operating performance. Fully diluted share earnings for 1992, before the impact of changes in certain accounting principles, were $2.90, down from $3.01 in 1991.
 The board also established March 2 as the record date for voting at the annual shareholders' meeting, to be held in Houston on April 27.
 Cooper Industries, with 1992 revenues of $6.2 billion, is a diversified, worldwide manufacturer of electrical products, electrical power equipment, tools and hardware, automotive products, and petroleum and industrial equipment.
 -0- 2/17/93
 /CONTACT: Ellen H. Myers, director, corporate communications of Cooper Industries, Inc., 713-739-5423/
 (CBE)


CO: Cooper Industries, Inc. ST: Texas IN: OIL SU: DIV

PS -- NY077 -- 7349 02/17/93 12:44 EST
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Publication:PR Newswire
Date:Feb 17, 1993
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