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MARION MERRELL DOW RAISES DIVIDEND, APPROVES SHARE REPURCHASE PLAN

 MARION MERRELL DOW RAISES DIVIDEND, APPROVES SHARE REPURCHASE PLAN
 KANSAS CITY, Mo., May 19 /PRNewswire/ -- The board of directors of Marion Merrell Dow Inc. (NYSE: MKC) today increased the quarterly cash dividend on the company's common stock by 9 percent from 23 cents to 25 cents per share. At the same time, the board voted to change the record and payable dates for future dividends from the 20th of the month to the 30th of the month. As a result, the dividend announced today is payable July 30, 1992, to shareholders of record on June 30, 1992.
 The action today represents the fourth dividend increase since early 1990. The payable date was changed to allow the company to combine mailings of dividend checks and quarterly reports to shareholders into a single mailing.
 The board also approved a plan to repurchase up to three million shares of the company's common stock. The shares will be purchased in the open market over a period of time and will be used to fund benefit plans for Marion Merrell Dow associates, as well as for general business purposes.
 -0- 5/19/92
 /CONTACT: David M. Thompson or Richard M. Johnson both of Marion Merrell Dow, 816-966-4000/
 (MKC) CO: Marion Merrell Dow ST: Missouri IN: MTC SU: DIV


MC -- DV012 -- 1854 05/19/92 13:02 EDT
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Publication:PR Newswire
Date:May 19, 1992
Words:222
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