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GRUMMAN INCREASES DIVIDEND

 BETHPAGE, N.Y.,, April 15 /PRNewswire/ -- The directors of Grumman Corporation (NYSE: GQ) today declared a 20 percent increase in the quarterly dividend on the company's common stock, from 25 cents to 30 cents per share. The dividend is payable May 20, 1993, to shareholders of record at the close of business on May 10, 1993.
 "We've been working hard to increase our financial strength and shareholder value, and we believe we can sustain this improved position," said Renso Caporali, Grumman chairman. "Our shareholders have shown great confidence in Grumman -- and we're pleased to be able to reward this confidence by increasing the dividend. This is one tangible way for us to demonstrate our faith in the company's continuing success."
 -0- 4/15/93
 /CONTACT: Robert Harwood of Grumman, 516-575-5287/
 (GQ)


CO: Grumman Corporation ST: New York IN: ARO SU: DIV

PS -- NY072 -- 6294 04/15/93 13:09 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
Words:150
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