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MERRIMAC INDUSTRIES DECLARES DIVIDEND

 WEST CALDWELL, N.J., Oct. 14 /PRNewswire/ -- The Board of Merrimac Industries, Inc. (AMEX: MRM), on Oct. 13, 1993 declared a fourth quarter cash dividend of 7-1/2 cents per share on its common stock, payable on Dec. 13, 1993 to shareholders of record on Dec. 2, 1993.
 Merrimac Industries, Inc., is headquartered in West Caldwell, where it employs 120 persons in the manufacture of high performance components for communications, defense and aerospace. In second quarter 1993 results, the net sales rose 10.5 percent and produced a 613 percent increase in net income before taxes, when compared to the same period in 1992. The net income per share rose from $0.02 to $0.22. The excellent results for the third quarter ended Oct. 9, will be announced within the next 15 days.
 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- 10/14/93
 /CONTACT: Paul Terranova of Merrimac, 201-575-1300/
 (MRM)


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

WB-MP -- NY090 -- 2439 10/14/93 16:44 EDT
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Publication:PR Newswire
Date:Oct 14, 1993
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