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FOXMEYER DECLARES QUARTERLY DIVIDEND

 FOXMEYER DECLARES QUARTERLY DIVIDEND
 DALLAS, July 28 /PRNewswire/ -- The board of directors of FoxMeyer


Corporation (NYSE: FOX) today declared a quarterly dividend of $0.07 per share, or $0.28 per share on an annualized basis, according to Robert L. King, president and chief executive officer. The quarterly dividend will be payable August 15, 1992, to shareholders of record Aug. 6, 1992.
 Earlier today FoxMeyer announced it had signed a five-year agreement to serve as primary supplier of pharmaceuticals and related products to Perry Drug Stores, Inc., Michigan's largest drugstore chain. The agreement is expected to boost FoxMeyer's sales by approximately $1.6 billion over the length of the contract, which will be effective in September.
 FoxMeyer is the nation's third largest pharmaceutical distributor, with record sales of $3.1 billion for the year ended March 31, 1992. In May the company completed the acquisition of Harris Wholesale Company, which at that time was the seventh largest drug distributor in the United States, with sales of $720 million.
 -0- 7/28/92
 /CONTACT: J. Warren Henry of FoxMeyer, 214-446-4270/
 (FOX) CO: FoxMeyer Corporation ST: Texas IN: MTC SU: DIV


SM -- NY077 -- 4194 07/28/92 15:14 EDT
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Publication:PR Newswire
Date:Jul 28, 1992
Words:198
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