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GREAT LAKES ANNOUNCES DIVIDEND INCREASE

 WEST LAFAYETTE, Ind., March 9 /PRNewswire/ -- Emerson Kampen, chairman, president and chief executive officer of Great Lakes Chemical Corporation (NYSE: GLK), today announced that the board of directors increased the company's regular quarterly dividend from $.08 to $.085 per share, payable on May 4, 1993, to the holders of record of the common stock of the corporation on April 1, 1993. This marks the second increase in the last 12 months and raises the annualized dividend rate to $.34, or 13 percent higher than the $.30 paid last year.
 The company recently reported record earnings and record revenues for 1992. Net income for the year rose 48 percent to $232,735,000, or $3.27 per share, versus the company's previous all-time high of $157,473,000, or $2.23 per share, reported in 1991. Revenues gained 14 percent to $1,538,169,000 from the $1,347,881,000 posted last year.
 Great Lakes Chemical Corporation, a Fortune 500 company, is the world's leading producer of bromine, brominated chemicals and furfural derivatives for such applications as flame retardants, agriculture, oil and gas well completion fluids, water sanitizers and other specialty applications. The stock of the company is traded on the New York Stock Exchange.
 -0- 3/9/93
 /CONTACT: David R. Bouchard or Gregory J. Griffith, both of Great Lakes Chemical Corporation, 317-497-6100/
 (GLK)


CO: Great Lakes Chemical Corporation ST: Indiana IN: CHM SU: DIV

KK -- CL013 -- 4608 03/09/93 15:20 EST
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Publication:PR Newswire
Date:Mar 9, 1993
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