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DONALDSON COMPANY ANNOUNCES INCREASEIN DIVIDEND AND SHARE REPURCHASE AUTHORIZATION

 MINNEAPOLIS, May 21 /PRNewswire/ -- The Donaldson Company, Inc. (NYSE: DCI) announced today that the company's board of directors has approved a 10 percent increase in the company's cash dividend -- raising the dividend to 11 cents per share -- and has increased shares authorized for repurchase by 650,000 shares.
 The dividend increase is payable June 14, 1993 to shareholders of record June 4. The previous quarterly dividend rate was 10 cents per share. The increase is the fifth since 1988. The company's dividend has increased more than 13 percent per annum over this period.
 The directors also approved a 650,000 increase in shares authorized for repurchase. During the past three months, the company has repurchased almost 250,000 shares, leaving 350,000 shares outstanding under the previous authorization. By its action, the board approved a new authorization of 1 million shares and canceled the previous authorization.
 Donaldson Company, Inc. is a worldwide manufacturer of filtration products. The company's product mix includes air and liquid filters and exhaust and emission control products for heavy duty mobile equipment; in-plant air cleaning systems; air intake systems and exhaust products for industrial gas turbines; and specialized filters for such diverse applications as computer disk drives, aircraft and personal respirators. Products are produced at nine U.S. plants, 10 other plants around the world and two joint ventures. The company's shares are traded on the New York Stock exchange under the symbol DCI.
 -0- 5/21/93
 /CONTACT: John Mackay of Padilla Speer Beardsley, 612-871-8877 or In New York, 212-752-8338, for Donaldson Company; or John R. Schweers of Donaldson Company, 612-887-3014/
 (DCI)


CO: Donaldson Company ST: Minnesota IN: SU: DIV

AL -- MN007 -- 1262 05/21/93 14:36 EDT
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Publication:PR Newswire
Date:May 21, 1993
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