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MERRIMAC INDUSTRIES DECLARES DIVIDEND

 NEW JERSEY, Dec. 1 ~PRNewswire~ -- Merrimac Industries, Inc. (AMEX: MRM), today declared a quarterly cash dividend of 7-1~2 cents per share on its common stock, payable on Dec. 16, 1992 to shareholders of record on Dec. 9, 1992.
 Merrimac Industries Inc., is headquartered in West Caldwell, N.J. where it employs 120 persons in the manufacture of high performance components for communications, defense and aerospace. In year end results for 1991, Merrimac reported a net income of $1,211,492 from revenues of $12,956,188. In its third quarter results for 1992, when compared to the same period in 1991, net sales fell 5.2 percent and produced a 71.6 percent decrease in net income. The net income per share fell by 62.5 percent, in part due to the cost of absorbing the acquisitions of BTI, now known as Merrimac (Ontario), Ltd., and Microwave Research and Development. It is anticipated that these same acquisitions will soon be assisting in reversing the drop in revenue and profits that occurred in the second and third quarters. Merrimac is listed as MRM on the American Stock Exchange.
 -0- 12~1~92
 ~CONTACT: Paul Terranova of Merrimac Industries, Inc., 201-575-1300~
 (MRM)


CO: Merrimac Industries, Inc. ST: New Jersey IN: ARO SU: DIV

LD-WB -- NY087 -- 2603 12~01~92 16:36 EST
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Publication:PR Newswire
Date:Nov 30, 1992
Words:221
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