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ESKIMO PIE CORPORATION DECLARES DIVIDEND

 RICHMOND, Va., Feb. 19 /PRNewswire/ -- The Board of Directors of Eskimo Pie Corporation (NASDAQ-NMS: EPIE) today declared a quarterly dividend of $0.05 per share of Common Stock, payable on April 1, 1993, to shareholders of record on March 15, 1993.
 In announcing this dividend, David V. Clark, president and CEO, stated, "We are pleased to be able to declare this dividend. Our company is debt-free and has ample cash flow to finance our continued efforts for growth. While it is the Board's intent at this time to have a regular quarterly dividend going forward, the declaration and payment of future dividends and the size of any dividend will be at the discretion of the Board and will depend on a number of factors, including general business conditions we encounter and the Company's future financial condition, earnings and capital requirements."
 The Company also reported that the Board of Directors had authorized the repurchase of up to 50,000 shares of the Company's common stock from time to time in the open market. The Company anticipates that repurchases will be made periodically under the program over the next several years and that the repurchased shares will be used primarily for employee benefit plans and other general corporate purposes.
 Headquartered in Richmond, the Company markets branded frozen novelties, including its Eskimo Pie line of products and, under a licensing agreement, Welch's fruit juice bars, through a national network of licensed manufacturers. This spring, the Company will also begin to market, through licensing agreements, two new frozen novelty brands, introducing Ghirardelli Ice Cream Bars and Tootsie Roll Pops.
 -0- 2/19/93
 /CONTACT: J.L. Cheatham, Eskimo Pie Corporation, 804-560-8446/
 (EPIE)


CO: Eskimo Pie Corporation ST: Virginia IN: FOD SU: DIV

CM -- CH001 -- 8467 02/19/93 14:46 EST
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Publication:PR Newswire
Date:Feb 19, 1993
Words:297
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