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DONNELLY CORPORATION ANNOUNCES DIVIDEND

 HOLLAND, Mich., Aug. 20 /PRNewswire/ -- Donnelly Corporation (AMEX: DON) announced today that its Board of Directors increased its quarterly common stock dividend from 7 cents ($0.07) to 8 cents ($0.08) per share on its Class A Common Stock. The dividend will be paid on Oct. 1, 1993, to shareholders of record at the close of business on Sept. 15, 1993.
 Dwane Baumgardner, chairman of the board for Donnelly Corporation, stated:
 "We are very pleased to begin Donnelly's 1994 fiscal year by increasing our dividend for shareholders. This is the third consecutive increase in annual dividend payout. The Board took this action based on the company's steadily improving performance and reflects their optimism regarding future business prospects."
 Donnelly is an international company dedicated to serving the world automotive industry with high-quality window systems, interior and exterior mirror systems, and interior trim and lighting systems. In addition, the company serves the computer and electronics industries with specialty coated glass products. The company operates from 20 locations throughout the world and was recently named as one of the "top 10" in the new book titled, "The 100 Best Companies to Work for in America."
 -0- 8/20/93
 /CONTACT: Maryam Komejan of Donnelly Corporation, 616-786-6022/
 (DON)


CO: Donnelly Corporation ST: Michigan IN: AUT SU: DIV

JG -- DE012 -- 4654 08/20/93 10:24 EDT
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Publication:PR Newswire
Date:Aug 20, 1993
Words:223
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