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GREAT LAKES ANNOUNCES STOCK SPLIT AND DECLARES REGULAR DIVIDEND

 GREAT LAKES ANNOUNCES STOCK SPLIT AND DECLARES REGULAR DIVIDEND
 WEST LAFAYETTE, Ind., Dec. 5 /PRNewswire/ -- Emerson Kampen, chairman, president and chief executive officer of Great Lakes Chemical Corporation (NYSE: GLK), today announced that the board of directors declared a 2-for-1 stock split in the form of a 100 percent stock dividend. The additional stock will be distributed on Jan. 30, 1992, to the holders of record of the common stock of the corporation on Jan. 1, 1992.
 In other action, the board of directors also declared a regular quarterly dividend of $.14 per share on a pre-split basis ($.07 per share on a post-split basis) payable on Feb. 4, 1992, to the holders of record of the common stock of the corporation on Jan. 1, 1992.
 Kampen commented, "Today's actions once again affirm the board's commitment to building shareholder value. This latest 2-for-1 stock split, our fourth in the last 13 years, provides yet another way in which our shareholders can participate in, and benefit from, the company's success.
 "We believe the future holds great promise," he concluded, "for equalling, if not surpassing, our past achievements."
 The company recently reported record earnings and revenues for the first nine months of 1991. Net income increased 13 percent to $117,804,000, or $3.34 per share, compared to the $104,272,000, or $2.97 per share, earned in the first nine months of 1990. Revenues for the period grew to $1,012,761,000, which is 24.8 percent higher than the $811,831,000 recorded for the same nine months of the prior 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- 12/5/91
 /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 -- CL012 -- 9732 12/05/91 14:11 EST
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Publication:PR Newswire
Date:Dec 5, 1991
Words:357
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