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NEWCOR ANNOUNCES QUARTERLY DIVIDEND

 BLOOMFIELD HILLS, Mich., Sept. 22 /PRNewswire/ -- The Newcor, Inc. (NASDAQ-NMS: NEWC) board of directors at its Sept. 21, 1993, meeting, declared a quarterly dividend of $.05 per share to be paid Nov. 10, 1993, to shareholders of record Oct. 21, 1993.
 Newcor stated in its news release dated Aug. 17, 1993, that the Newcor, Inc. board of directors would review the advisability of recognizing in fiscal 1993 the cumulative effect of non-pension post- retirement benefits to comply with the requirement of FAS 106. The company's board of directors, after considering this matter at the Sept. 21, 1993, meeting, determined that the liability should be recorded in fiscal 1993 rather than the first quarter of 1994. The company now estimates that the after-tax non-recurring effect of this charge will be $4.1 million, or $.89 per share, which is $500,000 less than previous estimates.
 Newcor, headquartered in Bloomfield Hills, designs and manufactures custom machines and manufacturing systems as well as special precision- machined parts and molded rubber and plastic products. Newcor is listed on the NASDAQ Stock Market under the symbol NEWC.
 -0- 9/22/93
 /CONTACT: Marjorie H. Edwards, corporate secretary of Newcor, Inc., 313-253-2400/
 (NEWC)


CO: Newcor, Inc. ST: Michigan IN: MAC SU: DIV

JG -- DE020 -- 4791 09/22/93 14:55 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
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