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SPI PHARMACEUTICALS, INC. DECLARES SECOND QUARTER DIVIDEND

 SPI PHARMACEUTICALS, INC. DECLARES SECOND QUARTER DIVIDEND
 COSTA MESA, Calif., July 14 /PRNewswire/ -- The board of directors of SPI Pharmaceuticals, Inc. (AMEX: SPI) today declared a second quarter common stock dividend of twenty-six and one-half cents payable Aug. 30, 1992 to shareholders of record on July 25, 1992. SPI Pharmaceuticals' annualized dividend is $1.06 per share.
 The company is currently in the process of seeking approval from the Securities and Exchange Commission of a dividend reinvestment plan which has been approved by the board of directors. Under the terms of the plan, stockholders will have the option to receive cash or common stock of the company. Shareholders who choose stock will receive a premium of 3 percent additional shares.
 SPI Pharmaceuticals, Inc., headquartered in Costa Mesa, Calif., manufactures, markets and distributes 600 prescription and nonprescription pharmaceuticals in more than 60 countries, including North and Latin America, Western and Eastern Europe and the Far East.
 -0- 7/14/92
 /CONTACT: Jack Sholl of SPI Pharmaceuticals, Inc., 714-545-0100, ext. 3013/
 (SPI) CO: SPI Pharmaceuticals, Inc. ST: California IN: MTC SU: DIV


LC -- LA017 -- 9160 07/14/92 13:44 EDT
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Publication:PR Newswire
Date:Jul 14, 1992
Words:189
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