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INTERNATIONAL RESEARCH AND DEVELOPMENT CORP. ANNOUNCES DIVIDEND FOR THE THIRD QUARTER OF 1992

 INTERNATIONAL RESEARCH AND DEVELOPMENT CORP.
 ANNOUNCES DIVIDEND FOR THE THIRD QUARTER OF 1992
 MATTAWAN, Mich., Nov. 2 /PRNewswire/ -- On Oct. 30, 1992, the board of directors of International Research and Development Corp. (NASDAQ: IRDV) declared a $.01 per share dividend to shareholders of record as of Nov. 13, 1992, payable on Nov. 27, 1992. This marks the 87th consecutive quarter for which cash dividends have been paid to our 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 government 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- 11/2/92
 /CONTACT: Dr. Francis X. Wazeter, president of International Research and Development Corp., 616-668-3336/
 (IRDV) CO: International Research and Development Corp. ST: Michigan IN: HOU SU: DIV


SM -- NY055 -- 1607 11/02/92 12:21 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 2, 1992
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