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MERRIMAC INDUSTRIES DECLARES DIVIDENDS

 WEST CALDWELL, N.J., July 21 /PRNewswire/ -- The board of Merrimac Industries, Inc. (AMEX: MRM), on July 20, 1993 declared a quarterly cash dividend of 7-1/2 cents per share on its common stock, payable on Sept. 13, 1993 to shareholders of record on Sept. 1, 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 ad aerospace. In recently announced 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.
 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- 7/21/93
 /CONTACT: Paul Terranova of Merrimac, 201-575-1300/
 (MRM)


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

MP-MG -- NY059 -- 3958 07/21/93 12:52 EDT
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Publication:PR Newswire
Date:Jul 21, 1993
Words:178
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