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KYSOR INDUSTRIAL CORPORATION DECLARES DIVIDEND; SETS ANNUAL MEETING

 CADILLAC, Mich., Feb. 1 /PRNewswire/ -- George R. Kempton, chairman of the board and chief executive officer of Kysor Industrial Corporation (NYSE: KZ), announced the following action taken at the regular meeting of the board of directors held on Friday, Jan. 29:
 -- Dividend announcement - The board of directors approved the payment of a regular quarterly dividend of $.10 per share payable April, 29, 1993, on stock of record April 14, 1993.
 -- Annual meeting - The board of directors established April 30, 1993, as the date of the corporation's annual shareholders meeting with a record date of March 1, 1993.
 Kempton indicated that Kysor has successfully weathered a difficult economic period during which the company continued its focused direction by investing capital and management efforts in positioning the corporation for long-term growth. Kysor was the 15th-best performing common stock on the New York Stock Exchange for 1992. This represents an increase in shareholder market valuation of over $55 million.
 Financial results for the year and quarter ended Dec. 31, 1992, will be announced upon the completion of the year-end audit in late February, followed by the annual report to shareholders which will be mailed in mid-March 1993.
 Kysor Industrial Corporation is a quality producer of refrigeration systems for the supermarket industry and heavy-duty vehicle and marine components serving the transportation industries. The company has manufacturing operations in six states as well as Great Britain and Germany.
 -0- 2/1/93
 /CONTACT: Peter W. Gravelle, executive vice president and chief operating officer, or Richard G. De Boer, assistant treasurer, Kysor Industrial Corporation, 616-779-2200/
 (KZ)


CO: Kysor Industrial Corporation ST: Michigan IN: SU: DIV

DC -- DE009 -- 1237 02/01/93 10:02 EST
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Publication:PR Newswire
Date:Feb 1, 1993
Words:278
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