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FOUR PERCENT STOCK DIVIDEND DECLARED BY NORTH ATLANTIC INDUSTRIES

   FOUR PERCENT STOCK DIVIDEND DECLARED BY NORTH ATLANTIC INDUSTRIES
    HAUPPAUGE, N.Y., Feb. 18 /PRNewswire/ -- The directors of North Atlantic Industries, Inc. (NASDAQ: NATL) declared a four percent stock dividend payable March 27, 1992, to shareholders of record on Feb. 28, it was announced today.
    "The stock dividend reflects our desire to have shareholders benefit from the company's excellent performance over the last two years as well as the need to preserve cash to fund our internal growth objectives and to expand our business through acquisition," said Robert A. Carlson, president and CEO of the maker of computer, computer peripheral, communications and instrumentation products.
    North Atlantic Industries designs and manufactures computer, computer peripheral, communications and instrumentation products for the government, military and aerospace industry customers.  The company is a leading supplier of TEMPEST printers, MIL-SPEC and rugged teleprinters, computer systems and tape storage systems as well as electronic test and measurement instruments.
    -0-                        2/18/92
    /CONTACT:  Robert Carlson, president and CEO of North Atlantic Industries, 516-582-6500, or Mark Cohen of Cameron Associates, 212-644-9560, for North Atlantic Industries/
    (NATL) CO:  North Atlantic Industries Inc. ST:  New York IN: SU:  DIV SM-CK -- NY042 -- 9872 02/18/92 11:09 EST
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Publication:PR Newswire
Date:Feb 18, 1992
Words:199
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