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FOXMEYER INITIATES REGULAR DIVIDEND

 FOXMEYER INITIATES REGULAR DIVIDEND
 DALLAS, March 26 /PRNewswire/ -- FoxMeyer Corporation (NYSE: FOX)


today declared the initiation of a regular 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. It will be payable April 15, 1992, to shareholders of record April 6, 1992.
 "This is the company's first dividend since going public in August 1991. It reflects strong earnings momentum and our positive outlook for the future," King said. "The level of dividend payout is comparable with other established leaders in our industry, while retaining sufficient cash flow to fund growth needs," he added.
 FoxMeyer is the nation's third largest drug wholesaler, with sales of $2.9 billion for the year ended March 31, 1991. The company distributes pharmaceuticals, over-the-counter drugs, and health and beauty aids to independent pharmacies, chain stores, mass merchandisers, hospitals and health care institutions in 37 states. FoxMeyer is headquartered in Dallas.
 -0- 3/26/92
 /CONTACT: J. Warren Henry of FoxMeyer, 214-446-4270/
 (FOX) CO: FoxMeyer Corporation ST: Texas IN: MTC SU: DIV


TS -- NY043 -- 1912 03/26/92 11:15 EST
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Publication:PR Newswire
Date:Mar 26, 1992
Words:192
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