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GROW GROUP BOOSTS QUARTERLY DIVIDEND; PAYOUT INCREASES 17 PERCENT

 NEW YORK, Sept. 23 /PRNewswire/ -- Grow Group, Inc. (NYSE: GRO) announced today that the company's board of directors increased the regular quarterly dividend by 17 percent from 6 cents to 7 cents per share. The dividend declared today is payable on Nov. 1, 1993 to shareholders of record at the close of business on Oct. 15, 1993.
 Russell Banks, president of Grow Group, commented, "Last year at this time we were pleased to be in a position to establish a quarterly dividend policy. We are particularly gratified that the company's financial strength today, evidenced by the record fiscal 1993 results and debt-free balance sheet, has allowed our board to increase Grow's dividend 17 percent to 7 cents per share."
 Grow Group is a leading producer of specialty chemical coatings and paints and household products. Grow operations include manufacturing facilities, sales offices and licensees throughout the world.
 -0- 9/23/93
 /CONTACT: Jennifer R. Wall of D.F. King & Co., Inc., 212-269-5550/
 (GRO)


CO: Grow Group, Inc. ST: New York IN: CHM SU: DIV

CK-TS -- NY041 -- 5207 09/23/93 12:27 EDT
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Publication:PR Newswire
Date:Sep 23, 1993
Words:182
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