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PIONEER-STANDARD ELECTRONICS DECLARES QUARTERLY DIVIDEND

 CLEVELAND, March 22 /PRNewswire/ -- Directors of Pioneer-Standard Electronics, Inc. (NASDAQ: PIOS) today declared a quarterly cash dividend on common stock of 3 cents per share, payable May 1, 1993 to shareholders of record April 7, 1993.
 The declaration is the first since a 3-for-2 split of the company's shares which was effected March 15, 1993. Prior to the split, the company increased the dividend 12-1/2 percent to its current post-split 3-cents-per-share level. The initial increased dividend was paid Feb. 1, 1993. It amounted to 4.5 cents per share on a pre-split basis.
 Pioneer-Standard and its 50 percent-owned affiliate, Pioneer/Technologies Group, Inc., serve most of the nation's major markets from 38 locations, supplying technical support and electronic components and computer products. Their sales rank fourth among the nation's approximately 1,500 industrial electronics distributors.
 -0- 3/22/93
 /CONTACT: John Goodger of Pioneer-Standard Electronics, Inc., 216-587-3600/
 (PIOS)


CO: Pioneer-Standard Electronics, Inc. ST: Ohio IN: CPR SU: DIV

BM -- CL004 -- 8118 03/22/93 10:02 EST
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Publication:PR Newswire
Date:Mar 22, 1993
Words:168
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