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DURACELL DOUBLES DIVIDEND; CITES STRONG CASH FLOW

 BETHEL, Conn., Feb. 22 /PRNewswire/ -- Duracell International Inc. (NYSE: DUR) today announced a 100 percent increase in it's quarterly cash dividend to $ .16 per share from the previous $.08 quarterly dividend first declared last August. The new dividend will be paid March 19, 1993 to shareholders of record at the close of business on March 5, 1993.
 "As a result of our growth and profitability, Duracell enjoys the flexibility to fund all strategic priorities, reduce debt and maintain an investment grade debt rating while returning free cash to shareholders," stated C. Robert Kidder, chairman and CEO.
 "A 65 percent increase in free cash flow generated in the first half of fiscal 1993 is reflective of Duracell's ability to achieve these priorities," Mr. Kidder said. He also emphasized that Duracell has cut its ratio of debt-to-total-capitalization to 35 percent from 42 percent last June.
 Duracell International Inc., headquartered in Bethel, is the world's leading manufacturer and marketer of high-performance alkaline batteries. Duracell's batteries are sold throughout the world, primarily under the DURACELL(R) trademark.
 -0- 2/22/93
 /CONTACT: Investors: Walter B. Rogers of Duracell, 203-796-4364/
 (DUR)


CO: Duracell International Inc. ST: Connecticut IN: HOU SU: DIV

SM -- NY080 -- 9071 02/22/93 16:53 EST
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Publication:PR Newswire
Date:Feb 22, 1993
Words:205
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