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PENTAIR BOARD APPROVES 50 PERCENT COMMON STOCK DIVIDEND

 ST. PAUL, Minn., April 21 /PRNewswire/ -- Pentair, Inc. (NASDAQ-NMS: PNTA), the St. Paul-based manufacturer of industrial products and paper, today announced its board of directors approved a 50 percent common stock dividend following the Pentair annual shareholders meeting held April 20, 1993. The dividend is payable June 11, 1993, to common shareholders of record at the close of business on May 14, 1993.
 The stock dividend will increase the number of Pentair common shares outstanding from approximately 12 million to approximately 18 million. The future quarterly cash dividend will be adjusted from 25.5 cents per share to 17
cents per share. The quarterly cash dividend payable


May 12, 1993, is unaffected by the 50 percent stock dividend.
 Pentair, Inc. is a St. Paul-based company comprised of 10 businesses which manufacture woodworking equipment, power tools, sporting ammunition, electrical enclosures, automotive service equipment, industrial lubrication systems, material dispensing equipment, pumps and paper. Pentair common stock is quoted on the NASDAQ National Market System under the symbol: PNTA.
 -0- 4/21/93
 /CONTACT: Mark Cain of Pentair, 612-636-7920/
 (PNTA)


CO: Pentair, Inc. ST: Minnesota IN: SU: DIV

AL -- MN014 -- 8726 04/21/93 12:13 EDT
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Publication:PR Newswire
Date:Apr 21, 1993
Words:194
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