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PITTWAY DECLARES DIVIDENDS

 CHICAGO, May 19 /PRNewswire/ -- The board of directors at its May 18 board meeting declared the regular quarterly cash dividends of Pittway Corp. (AMEX: PRY) for the second quarter in the amount of 10 cents per share of common stock and 12-1/2 cents per share of Class A stock.
 The payment date for each is July 1, 1993, to holders of record on June 11, 1993.
 Because of the spinoff of AptarGroup, Pittway reduced its quarterly dividend on Common stock from 15 cents to 10 cents and its quarterly dividend on Class A stock from 17.5 cents to 12.5 cents. However, the total quarterly dividends received by a Pittway stockholder who retains the new AptarGroup stock should initially be the same as the amount most recently paid by Pittway because AptarGroup's board of directors has announced that it expects to consider paying quarterly dividends at the rate of 5 cents per share.
 -0- 5/19/93
 /CONTACT: Joe Kopec of Edelman Public Relations, 312-649-6915, for Pittway/
 (PRY)


CO: Pittway Corp.; AptarGroup ST: Illinois IN: SU: DIV

LJ -- PH037 -- 0400 05/19/93 15:22 EDT
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Publication:PR Newswire
Date:May 19, 1993
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