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HATHAWAY REINSTATES DIVIDEND

 WESTMINSTER, Colo., Aug. 18 /PRNewswire/ -- The board of directors of Hathaway Inc. (NASDAQ: HATH) today announced a cash dividend equal to 50 percent of the net income achieved during fiscal 1993 or $490,500 ($.105 per common share) payable on Sept. 17, 1993 to shareholders of record on Aug. 27, 1993. This is the first dividend paid to shareowners since 1988, as dividends were previously prohibited by the company's then existing debt restrictions.
 "Our number one goal at Hathaway is to increase shareowner value. By reinstating the dividend, we hope to attract more institutional investors to our stock," said Gene Prince, chief executive officer of Hathaway. "At the same time, it is our way of thanking our current shareholders for their loyalty and patience."
 Based in Westminster, Hathaway is the world's leading manufacturer of electric power fault recording equipment.
 -0- 8/18/93
 /CONTACT: Wayne Brown of Carl Thompson Associates, 303-494-5472/
 (HATH)


CO: Hathaway Corp. ST: Colorado IN: CPR SU: DIV

BB -- DV002 -- 3866 08/18/93 11:04 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
Words:170
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