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MAYBELLINE DECLARES QUARTERLY DIVIDEND

 MEMPHIS, Tenn., April 27 /PRNewswire/ -- Maybelline, Inc. (NYSE: MAY) announced today that its board of directors has declared a quarterly dividend of $0.06 per share on Maybelline's common stock. The dividend is payable on June 30 1993, to stockholders of record on June 10, 1993.
 Bruce Wasserstein, chairman of the board of Maybelline, said: "Based on Maybelline's strong growth prospects and financial strength, we are delighted to be in a position to commence paying quarterly cash dividends."
 For the quarter ended March 31, 1993, Maybelline's consolidated net sales were up 18.1 percent to $86.2 million, and net income rose to $5.4 million, or $0.30 per share, up 25.4 percent over 1992 adjusted first quarter results. Gross profit margins increased to 63.2 percent from 62.7 percent in the first quarter of 1992.
 Headquartered in Memphis, Maybelline, Inc. is a leader in the mass-market color cosmetics business, manufacturing and marketing eye, face, lip and nail cosmetics and other personal care products for sale in the United States and in selected international markets. The company markets its products under such well-recognized brand names as Great Lash, Expert Eyes, Moisture Whip, Revitalizing, Shades of You, Shine Free and Yardley of London. Maybelline products are carried by virtually every major mass-market retailer in the United States and are also distributed in approximately 40 countries.
 -0- 4/27/93
 /CONTACT: Joan Horne Lollar, Maybelline, Inc., 901-320-2460/
 (MAY)


CO: Maybelline, Inc. ST: Tennessee IN: REA SU: DIV

SB -- CH013 -- 1541 04/27/93 15:50 EDT
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Publication:PR Newswire
Date:Apr 27, 1993
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