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MATTEL BOARD INCREASES DIVIDEND, AUTHORIZES EXPANDED SHARE REPURCHASE

 LOS ANGELES, May 12 /PRNewswire/ -- John W. Amerman, chairman and chief executive officer of Mattel Inc. (NYSE: MAT) announced today that the company's board of directors has increased the quarterly dividend paid on common stock from five cents per share to six cents per share. The increase is effective with a dividend payable on July 2, 1993 to shareholders of record on June 11, 1993.
 The Mattel board also approved an expanded share repurchase authorization, approving the repurchase of up to 10 million shares over the next four years, vs. 1.5 million shares authorized for 1992.
 "These actions recognize Mattel's ongoing strong performance, and our outlook for continued profitable growth," Amerman said.
 Mattel earlier reported income of $18.3 million or $.18 per share for the 1993 first quarter, up 24 percent from $14.8 million or $.14 per share in the 1992 first quarter. Net sales reached the record level of $346 million, up six percent from $326 million in the year-ago quarter, while toy sales -- excluding Nintendo -- increased by 13 percent.
 Mattel Inc. is a worldwide leader in the design, manufacture and marketing of children's toys. With headquarters in El Segundo, California, Mattel has offices and facilities in 30 foreign countries and sells its products in more than 100 nations throughout the world.
 -0- 5/12/93
 /CONTACT: Glenn Bozarth of Mattel, 310-524-3521/
 (MAT)


CO: Mattel Inc. ST: California IN: HOU SU: DIV

EH -- LA016 -- 7476 05/12/93 10:31 EDT
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Publication:PR Newswire
Date:May 12, 1993
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