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GROW GROUP DECLARES DIVIDEND

 GROW GROUP DECLARES DIVIDEND
 NEW YORK, May 28 /PRNewswire/ -- Grow Group, Inc. (NYSE: GRO)


announced today that the company's board of directors declared a dividend of 5 cents per share, payable on July 1, 1992, to shareholders of record at the close of business on June 19, 1992.
 Commenting on the announcement, Russell Banks, president and chief executive officer of Grow Group, said, "The board's decision to declare a dividend was based on its review of Grow's recent operating performance and management's outlook for the company's future. This action provides further tangible evidence of Grow's successful return to consistent profitability, following the reorganization and restructuring of the company's Consumer and Professional Products Group in early 1991."
 Grow Group is one of the world's leading producers of specialty chemical coatings and paints and household products. Grow operations include manufacturing facilities, sales offices and licensees throughout the world.
 -0- 5/28/92
 /CONTACT: Peter C. Harkins or Marisa Heine of D.F. King & Co., Inc., 212-269-5550, for Grow Group/
 (GRO) CO: Grow Group Inc. ST: New York IN: CHM SU: DIV


TQ-CK -- NY035 -- 4683 05/28/92 11:09 EDT
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Publication:PR Newswire
Date:May 28, 1992
Words:188
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