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GRAHAM CORPORATION ANNOUNCES OMITTED DIVIDEND

 BATAVIA, N.Y., May 14 /PRNewswire/ -- Graham Corporation (AMEX: GHM) today announced that it is omitting payment of a quarterly dividend for the second consecutive quarter. The company had been paying a regular quarterly dividend of seven cents ($.07) per share since April 7, 1990, and last paid such a dividend on Jan. 4, 1993.
 Graham designs and manufactures vacuum and heat transfer equipment for the process industries. The principal markets for Graham's equipment are the chemical, petrochemical, petroleum refining and electric power generating industries, including co-generation and geothermal plants. Other process industry markets served include shipbuilding, steel mills and paper mills.
 -0- 5/14/93
 /CONTACT: J. Ronald Hansen or William A. Smith, Jr., 716-343-2216; or Cornelius S. Van Rees, 212-912-7650; all for Graham Corporation/
 (GHM)


CO: Graham Corporation ST: New York IN: MAC SU: DIV

KL -- CL011 -- 8644 05/14/93 12:43 EDT
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Publication:PR Newswire
Date:May 14, 1993
Words:146
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