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FIRST BRANDS INCREASES REGULAR QUARTERLY CASH DIVIDEND

 DANBURY, Conn., Oct. 21 /PRNewswire/ -- The board of directors of First Brands Corporation (NYSE: FBR) today declared an increase in the company's regular quarterly cash dividend on its common stock.
 Shareholders of record on Dec. 30, 1993, will receive a cash dividend of $.08 for each common share owned. The payable date is Jan. 20, 1994. Previous quarterly dividends were at $.06 per common share. First Brands Corporation had approximately 21,890,711 shares outstanding on Oct. 20, 1993.
 Alfred E. Dudley, chairman and CEO, commented, "This is the second dividend increase since we became a public company almost four years ago. The strengthening of our balance sheet by significant debt reduction, our strong cash flow and our prospects for long-term growth have enabled us to take this important action and further increase shareholder value."
 First Brands Corporation develops, manufactures, markets and sells leading consumer products sold under the GLAD, GLAD-LOCK, SCOOP AWAY, EVER CLEAN, PRESTONE, STP and SIMONIZ brands.
 -0- 10/21/93
 /CONTACT: Donald A. DeSantis, vice president and CFO of First Brands, 203-731-2306/
 (FBR)


CO: First Brands Corporation ST: Connecticut IN: HOU SU: DIV

JS-MP -- NY083 -- 5328 10/21/93 14:23 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
Words:196
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