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JOSLYN CORP. DECLARES 3 FOR 2 STOCK SPLIT

 JOSLYN CORP. DECLARES 3 FOR 2 STOCK SPLIT
 CHICAGO, Oct. 21 /PRNewswire/ -- The board of directors of Joslyn


Corp. (NASDAQ-NMS: JOSL) today declared a three for two stock split in the form of a 50 percent stock dividend on shares of the corporation's common stock. The 50 percent stock dividend will be payable Dec. 17, 1992 to shareholders of record Dec. 4, 1992. The dividend will be paid in authorized, but unissued, common stock of the corporation. The corporation has declared the stock split to reduce its price per share and to increase its market liquidity for the purpose of enhancing the securities' appeal to both private and institutional investors.
 The par value of Joslyn stock will not be affected by the split and will remain at $1.25 per share. The corporation anticipates that the outstanding shares of stock after the split will be increased from approximately 4.7 million to approximately 7 million.
 At its meeting today, the board of directors also declared a $.01 or 3.6 percent increase in the regular quarterly dividend from $.28 per share (restated for the stock split) to $.29 per share payable Jan. 4, 1993 to shareholders of record Dec. 18, 1992.
 Joslyn Corp., now in its 90th year, provides diversified products and services primarily to the electric utility, telecommunications, defense and industrial markets. Joslyn also manufactures equipment for the following industries: aerospace, building construction and petrochemical. It has approximately 2,000 employees and operates facilities in the United States and Canada. Joslyn has declared 307 dividends and 218 consecutive dividends on its common stock. Shares are traded over the counter. Joslyn stock is listed on the NASDAQ National Market Systems. NASDAQ symbol is JOSL.
 -0- 10/21/92
 /CONTACT: L.G. Wolski of Joslyn Corp., 312-454-2900/
 (JOSL) CO: Joslyn Corp. ST: Illinois IN: SU:


TS -- NY103 -- 3013 10/21/92 15:11 EDT
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Publication:PR Newswire
Date:Oct 21, 1992
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