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MERRIMAC INDUSTRIES DECLARES DIVIDEND

 WEST CALDWELL, N.J., May 3 /PRNewswire/ -- The Board of Merrimac Industries, Inc. (AMEX: MRM), on April 29, 1993 declared a quarterly cash dividend of 7 1/2 cents per share on its common stock, payable on June 16, 1993 to shareholders of record on June 2, 1993.
 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 recently announced first quarter 1993 results, the net sales fell 2.2 percent and produced a 15.4 percent decrease in net income before taxes, when compared to the same period in 1992. The net income per share was unchanged at $.14.
 In year end results for 1992, Merrimac reported a net income of $369,843 from revenues of $12,444,624. Merrimac is listed as MRM on the American Exchange.
 -0- 5/3/93
 /CONTACT: Paul Terranova of Merrimac Industries, Inc., 201-575-1300/
 (MRM)


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

KD-OS -- NY079 -- 3893 05/03/93 14:58 EDT
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Publication:PR Newswire
Date:May 3, 1993
Words:179
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