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GROW GROUP ADOPTS REGULAR QUARTERLY DIVIDEND POLICY OF SIX CENTS PER SHARE

 GROW GROUP ADOPTS REGULAR QUARTERLY DIVIDEND POLICY
 OF SIX CENTS PER SHARE
 NEW YORK, Sept. 24 /PRNewswire/ -- Grow Group, Inc. (NYSE: GRO), announced today that the company's board of directors increased the quarterly dividend by 20 percent from five cents to six cents per share and adopted a regular quarterly dividend policy of six cents per share. The dividend declared today is payable on Nov. 1, 1992 to shareholders of record at the close of business on Oct. 16, 1992.
 Commenting on the announcement, Russell Bans, president of Grow Group, said, "We are pleased to report that our operating outlook has allowed our board to increase Grow's dividend from five cents to six cents for this quarter and establish a regular quarterly dividend policy of six cents per share. We continue to anticipate that our operating strategy will allow us to make our previously reported minimum earnings estimate for fiscal 1993 of $1 per share including the newly-issued shares to Corimon C.A. S.A. C.A."
 Grow Group is one of the world's leading producer of specialty chemical coatings and paints and household products. Grow operations include manufacturing facilities, sales offices and licensees throughout the world.
 -0- 9/24/92
 /CONTACT: Jennifer R. Wall or Peter C. Harkins of D.F. King & Co., Inc., 212-269-5550, for Grow Group, Inc./
 (GRO) CO: Grow Group, Inc. ST: New York IN: CHM SU: DIV


SM-TS -- NY041 -- 3117 09/24/92 12:57 EDT
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Publication:PR Newswire
Date:Sep 24, 1992
Words:241
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