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DEVCON INTERNATIONAL DECLARES CASH DIVIDEND

 DEVCON INTERNATIONAL DECLARES CASH DIVIDEND
 DEERFIELD BEACH, Fla., March 18 /PRNewswire/ -- The board of


directors of Devcon International Corp. (NASDAQ: DEVC) today declared a quarterly cash dividend of five cents per share payable April 24, 1992, to shareholders of record on April 2, 1992.
 Donald L. Smith Jr., chairman and president of the heavy construction and concrete and related materials company, said, "This board action continues the dividend at the indicated annual payout rate of 20 cents per share. Devcon paid cash dividends totaling 20 cents per share in 1991, up from 15 cents per share in 1990."
 Approximately 4,343,000 common shares are currently outstanding.
 Devcon operates ready-mix concrete, aggregate, concrete block and bulk cement facilities; dredges harbors; builds golf courses and performs other heavy construction work in the Caribbean. Principal operations are on St. Thomas and St. Croix in the U.S. Virgin Islands, on the independent island nations of Antigua and Dominica, on St. Maarten, Netherlands Antilles, and on Tortola, British Virgin Islands. In Florida, where the company is headquartered, Devcon constructs golf courses and prepares sites for shopping malls, residential developments and industrial parks.
 -0- 3/18/92
 /CONTACT: Richard L. Hornsby, executive vice president of Devcon International Corp., 305-429-1500; or Investor Relations Consultants 813-796-1452/
 (DEVC) CO: Devcon International Corp. ST: Florida IN: CST SU: DIV


SS-XX -- FL005 -- 9076 03/18/92 09:07 EST
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Publication:PR Newswire
Date:Mar 18, 1992
Words:230
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