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DIEBOLD DECLARES THREE-FOR-TWO STOCK DIVIDEND AND 40TH ANNUAL CASH DIVIDEND INCREASE

 CANTON, Ohio, Jan. 27 /PRNewswire/ -- The board of directors of Diebold, Incorporated (NYSE: DBD) today declared a three-for-two stock split to be effected in the form of a stock dividend. It will be payable on Feb. 26 to shareholders of record at the close of business on Feb. 10. Shareholders will receive one additional share for each two shares held on the record date.
 In addition to the stock split, the board of directors declared a first quarter cash dividend of 30 cents per share on all common shares payable March 31 to shareholders of record at the close of business on March 10. The new first quarter cash dividend of 30 cents per share on the increased number of shares represents a 7 percent increase over the cash dividend paid in the past. This is the 40th consecutive year that Diebold has increased its cash dividend.
 "We continue to provide our shareholders, including employees, value through the ongoing cash dividend increases and stock dividends and splits paid over the years," said Robert W. Mahoney, chairman and chief executive officer. This was the company's seventh stock split in the past 40 years; the most recent was in 1985.
 Certificates for additional whole shares resulting from the stock split will be mailed to shareholders on Feb. 26. No certificates will be issued for fractional shares; a cash payment will be made on Feb. 26 to those shareholders entitled to a fractional interest. This cash payment will be based on the mean of the high and low selling prices of the common shares on the New York Stock Exchange on the record date, adjusted to reflect the three-for-two stock split. For participants in the Diebold Dividend Reinvestment Program, the new shares will be credited to their accounts.
 On Feb. 10, a notice will be mailed by the registrar and transfer agent to broker-nominees inquiring as to the number of full shares and the amount of cash that will be required for adjustment of beneficial owner accounts. The brokers' cut-off date is Feb. 17.
 Diebold, Incorporated (NYSE: DBD) is a world leader in financial self-service transaction systems, security products and customer service. Founded in 1859 as a security equipment company, Diebold today develops, manufactures, sells and services automated teller machines, electronic and physical security systems, facility products, software and systems for global financial and commercial markets.
 -0- 1/27/93
 /CONTACT: Mary Ann Jackson, senior manager of corporate public relations and advertising, Diebold, Incorporated, 216-588-3780/
 (DBD)


CO: Diebold, Incorporated ST: Ohio IN: CPR SU: DIV

KK -- CL014 -- 9602 01/27/93 11:34 EST
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Publication:PR Newswire
Date:Jan 27, 1993
Words:431
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