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MERRILL LYNCH RAISES REGULAR QUARTERLY DIVIDEND BY 20 PERCENT

 MERRILL LYNCH RAISES REGULAR QUARTERLY DIVIDEND BY 20 PERCENT
 PLAINSBORO, N.J., April 30 /PRNewswire/ -- The Merrill Lynch & Co., Inc. (NYSE: MER) board of directors voted today to raise the regular quarterly dividend by $.05 to $.30 per share, a 20 percent increase over the $.25 per share paid quarterly since the first quarter of 1987.
 The increased dividend will be payable May 27, 1992 to stockholders of record May 11, 1992.
 Chairman and Chief Executive Officer William A. Schreyer announced the dividend increase to shareholders at the company's annual meeting here, saying, "we are pleased that our excellent market position and strong profitability allow us to enhance our quarterly dividend at this time."
 Merrill Lynch reported record net earnings both for 1991, and for the first quarter of 1992.
 In 1991 annual net earnings increased 263 percent from the prior year to a record $696.1 million, or $6.02 per primary common share. In the first quarter of 1992, net earnings were up 53 percent from the prior year's quarter to a record $277.5 million, or $2.39 per primary common share.
 -0- 4/30/92
 /CONTACT: William Clark, 609-282-3519, or Fred Yager, 212-449-7355, both of Merrill Lynch & Co./
 (MER) CO: Merrill Lynch & Co. ST: New York IN: FIN SU: DIV


KD-AH -- NY037 -- 4838 04/30/92 10:42 EDT
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Publication:PR Newswire
Date:Apr 30, 1992
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