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PENRIL DECLARES CASH DIVIDEND, ELECTS DIRECTORS

 PENRIL DECLARES CASH DIVIDEND, ELECTS DIRECTORS
 GAITHERSBURG, Md., March 26 /PRNewswire/ -- Penril DataComm


Networks Inc. (NASDAQ: PNRL) announced that its board of directors has declared a cash dividend payable to shareholders of record on April 21, 1992. Penril shareholders will receive 2 cents for each share held on the record date.
 Henry Epstein, the company's chairman, in his address at the annual shareholders' meeting, stated: "In conjunction with previous annual meetings, Penril's board of directors declared a stock dividend in each of the last three years. Our goal was to double the number of outstanding shares and to increase both the float and the daily trading activity. We have achieved that goal. This year, without the restrictions from our recently retired senior secured debt, we are taking a small step in declaring a cash dividend for the first time since 1985. Today, Penril's board of directors has declared a modest cash dividend. The fact is, we need our cash to grow the business, so this dividend is only 2 cents a share; however, we expect this dividend will enable many funds, particularly European funds, to add Penril shares to their portfolios."
 Also at the annual meeting, shareholders elected John P. Lowe Jr. and Michael H. Newlin to continue as directors of the company and voted to amend the 1987 Non-Employee Directors Stock Option Plan.
 The company expects to distribute the cash dividend on May 29, 1992. Continental Stock Transfer & Trust Company, located at 2 Broadway, New York, N.Y. 10007, will act as paying agent. On March 25, 1992, Penril had 5,940,023 shares of common stock outstanding.
 Penril DataComm Networks Inc. manufactures data communications equipment and test and measurement instruments.
 -0- 3/26/92
 /CONTACT: Harry O. Christenson, executive vice president, Penril, 301-417-0552, or Mark Cohen of Cameron Associates, 212-644-9560, for Penril/
 (PNRL) CO: Penril DataComm Networks Inc. ST: Maryland IN: CPR SU: DIV PER


TW-MH -- DC013 -- 1913 03/26/92 11:16 EST
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Publication:PR Newswire
Date:Mar 26, 1992
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