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PIONEER-STANDARD INCREASES DIVIDEND 12 1/2 PERCENT

 PIONEER-STANDARD INCREASES DIVIDEND 12 1/2 PERCENT
 CLEVELAND, Nov. 4 /PRNewswire/ -- Directors of Pioneer-Standard


Electronics, Inc. (NASDAQ: PIOS) increased the regular quarterly dividend 12.5 percent from 4 cents per share to 4.5 cents per share. The dividend, at the new rate, is payable Feb. 1, 1993 to shareholders of record Dec. 30, 1992.
 The increase is the company's 17th in the past 22 years. Pioneer- Standard also has split its stock five times in the 22-year period.
 The company said that the dividend increase reflected current sales and earnings progress. The Cleveland-based national distributor of industrial electronic components and computer and peripheral products recently announced record second quarter and six-month sales and earnings for the periods ended September 30. Net income for the six months rose to $5,963,000, or $1.07 per primary share (96 cents on a fully diluted basis), more than double the $2,732,000, or 50 cents per share (48 cents fully diluted), earned in the year earlier period.
 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 a broad range of electronic components and computer products.
 -0- 11/4/92
 /CONTACT: John V. Goodger of Pioneer-Standard Electronics, Inc., 216-587-3600/
 (PIOS) CO: Pioneer-Standard ST: Ohio IN: CPR SU: DIV


BM -- CL005 -- 2350 11/04/92 09:44 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 4, 1992
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