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INTERNATIONAL RESEARCH AND DEVELOPMENT CORP. ANNOUNCES DIVIDEND FOR THE FOURTH QUARTER OF 1991

 INTERNATIONAL RESEARCH AND DEVELOPMENT CORP. ANNOUNCES DIVIDEND
 FOR THE FOURTH QUARTER OF 1991
 MATTAWAN, Mich., Feb. 3 /PRNewswire/ -- On Jan. 30, 1992, the board of directors of International Research and Development Corp. (NASDAQ-NMS: IRDV) declared a $.05-per-share dividend to shareholders of record as of Feb. 14, 1992, payable on Feb. 28, 1992. This marks the 84th consecutive quarter for which cash dividends have been paid to the company's shareholders.
 International Research and Development Corp. is engaged in the safety evaluation of pharmaceutical and veterinary drugs, agricultural products and chemicals. Studies are performed on behalf of various manufacturers of such products, both foreign and domestic, and on behalf of governmental agencies. Clinical safety evaluation studies are conducted on behalf of clients in the pharmaceutical, chemical and cosmetic-related industries through its subsidiary IRAD Corp.
 IRDC also is a manufacturer and distributor of cosmetics and skin care products through its subsidiary, Carme' Inc., as well as certain medical and health care products through another of its subsidiaries, Medical Surgical Specialties, Ltd.
 The common stock of International Research and Development Corp. is traded in the over-the-counter market. The NASDAQ symbol for the common stock is IRDV.
 -0- 2/3/92
 /CONTACT: Dr. Francis X. Wazeter, IRDC president, 616-668-3336/
 (IRDV) CO: International Research and Development Corp. ST: Michigan IN: HOU CHM MTC SU: DIV


SB -- DE012 -- 6129 02/03/92 11:17 EST
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Publication:PR Newswire
Date:Feb 3, 1992
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