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MONK-AUSTIN DECLARES QUARTERLY DIVIDEND

 FARMVILLE, N.C., Nov. 11 /PRNewswire/ -- The Board of Directors of Monk-Austin, Inc. (NYSE: MK), declared a quarterly dividend of four and one half cents ($.045) following the company's annual meeting on Nov. 10. This represents a 12 1/2 percent increase in the quarterly dividend rate. The dividend, payable on 18,113,614 shares of common stock of Monk-Austin, Inc. now outstanding, is payable Jan. 6, 1994, to common shareholders of record at the close of business on Dec. 15, 1993.
 In other annual meeting actions, shareholders elected the eleven nominees for directors, and ratified Price Waterhouse, the company's independent auditor, to conduct the company's audit for the fiscal year ending June 30, 1994.
 -0- 11/11/93
 /CONTACT: Linda O'Dunne of James A. Fyock & Associates, 919-659-8440/
 (MK)


CO: Monk-Austin, Inc. ST: North Carolina IN: TOB SU: DIV

CM -- CH002 -- 3111 11/11/93 09:30 EST
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Publication:PR Newswire
Date:Nov 11, 1993
Words:148
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