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PREMARK BOARD RAISES DIVIDEND, APPROVES SHARE REPURCHASE PROGRAM

 DEERFIELD, Ill., May 5 /PRNewswire/ -- Premark International, Inc. (NYSE: PMI), announced today that its board of directors raised the company's quarterly dividend 12 percent to 28 cents per share from 25 cents, which represents a new annualized rate of $1.12 per share. The dividend is payable on July 2, 1993, to shareholders of record on June 15, 1993.
 "The dividend increase reflects our board's confidence in the progress we've made in our operations," said Warren L. Batts, Premark's chairman and chief executive officer.
 Premark recently reported a 26 percent increase in first-quarter net income to $24 million, or 72 cents per share, excluding the one-time impact of adopting new accounting standards in the prior year.
 "Based on Tupperware's continuing momentum in Europe, a smaller loss in Tupperware's U.S. operations, and progress in our consumer products business, we expect our second quarter to improve over last year," said Batts.
 In other action, Premark's board authorized the purchase of up to three million shares of the company's stock, with volume and timing to depend on market conditions. The purpose of the program is to minimize the earnings dilution resulting from employee stock options. Shares acquired will be used to satisfy the exercise of stock options as well as for other general corporate needs. Purchases will be made in the open market or through other transactions and will be financed primarily by cash flow from operations. Approximately 31.8 million shares are currently outstanding.
 Premark International, Inc., is a $2.9 billion multinational company that markets premium products under leading brand names such as Tupperware, Hobart, Vulcan, Wilsonart, Florida Tile, Hartco, West Bend and Precor. Premark stock is listed on the New York, Pacific and London Stock Exchanges.
 -0- 5/5/93
 /CONTACT: George Shafer of Premark, 708-405-6252/
 (PMI)


CO: Premark International, Inc. ST: Illinois IN: HOU SU: DIV

GK -- NY060 -- 4893 05/05/93 13:04 EDT
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Publication:PR Newswire
Date:May 5, 1993
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