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ROGERS CORPORATION ANNOUNCES DISCONTINUANCE OF CASH DIVIDEND

 ROGERS CORPORATION ANNOUNCES DISCONTINUANCE OF CASH DIVIDEND
 ROGERS, Conn., Feb. 19 /PRNewswire/ -- Rogers Corporation (AMEX: ROG) announced that its board of directors has voted to discontinue cash dividends on its common stock. The company has paid a regular quarterly dividend of 3 cents per share since 1979 and the next regularly scheduled dividend would have been payable in May 1992.
 Norman L. Greenman, president of Rogers Corporation, said, "Earlier this year the company announced that in response to the continuing, recession-induced downturn in sales, it was taking a number of cost reduction actions. These included product line pruning, about a 4 percent reduction in the salaried work force and various asset write-downs. As a further step, the board now has voted to discontinue future cash dividends. This reflects the company's conservative balance sheet orientation as well as the board's decision not to request future waivers of loan agreement restrictions on dividends resulting from our recent cost-reduction charge. This action will also enable Rogers to reinvest this cash in the company to enhance long-term shareholder value."
 He concluded, "As in the past downturns of the economy, we are confident Rogers will emerge from this recession stronger than before; and the extensive expense reductions we have implemented will lead to a more appropriate level of profitability when the economy improves and sales again move up."
 Headquartered in Rogers, Conn., Rogers Corporation is a major manufacturer of electronic interconnection products and polymeric materials and components for the electronics and other selected industrial markets.
 -0- 2/19/92
 /CONTACT: Stuart J. Safft, senior vice president-finance, of Rogers Corporation, 203-774-9605/ CO: Rogers Corporation ST: Connecticut IN: CPR SU:


EG-SH -- NE012 -- 0647 02/19/92 17:01 EST
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Publication:PR Newswire
Date:Feb 19, 1992
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