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DECORATOR INDUSTRIES, INC. INITIATES 20-CENT ANNUAL CASH DIVIDEND; SEES INCREASED SECOND-QUARTER PROFITS

 PITTSBURGH, June 7 /PRNewswire/ -- At the annual meeting of Decorator Industries, Inc. (AMEX: DII), William Bassett, president and CEO, recommended the institution of a 20-cent annual cash dividend based on the expectation of continued increases in sales and net profits.
 Bassett advised that "the institution of the cash dividend is a reflection of the company's financial strength and a vote of confidence in its long-term prospects.
 "Presently we continue to be very busy and expect sales for the second quarter of 1993 to be up substantially and profits to be a second-quarter record.
 "We believe our markets will remain strong over the balance of this year and we should again be able to achieve record earnings in 1993."
 The first quarterly 5-cent dividend will be paid July 15, 1993, to shareholders of record June 30, 1993.
 -0- 6/7/93
 /CONTACT: William Bassett, president, 305-436-8909, or Jerome B. Lieber, secretary, 412-392-2121, both of Decorator Industries/
 (DII)


CO: Decorator Industries, Inc. ST: Florida IN: TEX SU: DIV

KC-DM -- PG020 -- 6213 06/07/93 16:43 EDT
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Publication:PR Newswire
Date:Jun 7, 1993
Words:175
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