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CPAC DECLARES STOCK AND CASH DIVIDENDS

 LEICESTER, N.Y., April 27 /PRNewswire/ -- CPAC, Inc. (NASDAQ-NMS: CPAK), President and Chief Executive Officer Thomas N. Hendrickson today announced that on April 21, 1993, the CPAC, Inc., board of directors had declared a special 5 percent stock dividend to be paid on Friday, June 11, 1993, to shareholders of record at the close of business on May 21, 1993.
 In addition to the stock dividend, Mr. Hendrickson said the board had also approved the continuation of a quarterly cash dividend of $0.065 per share, payable on Friday, Aug. 6, 1993, to shareholders of record at the close of business on June 25, 1993. The cash dividend will also be paid on the newly issued stock dividend shares.
 CPAC, Inc., is a manufacturer of processing solutions and pollution control equipment for the worldwide imaging market. Shares of CPAC, Inc., common stock are traded publicly in the NASDAQ National Market System under the ticker symbol CPAK.
 -0- 4/27/93
 /CONTACT: Wendy F. Clay, vice president-administration of CPAC, 716-382-3223/
 (CPAK)


CO: CPAC, Inc. ST: New York IN: ENV SU: DIV

GK-TS -- NY040 -- 1206 04/27/93 09:52 EDT
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Publication:PR Newswire
Date:Apr 27, 1993
Words:189
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