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SPI PHARMACEUTICALS ANNOUNCES SECOND QUARTER DIVIDEND

 COSTA MESA, Calif., May 13 /PRNewswire/ -- The board of directors of SPI Pharmaceuticals, Inc. (AMEX: SPI) yesterday declared a second quarter dividend of 28 cents per share, which consists of a 6-1/4 cents a share dividend payable in cash combined with an approximate 1.4 percent common stock dividend equal to 21-3/4 cents per share.
 The cash dividend is payable June 15, 1993 to shareholders of record May 25, 1993. The stock dividend will be payable June 15, 1993 to shareholders of record May 25, 1993 based on SPI's closing price on the American Stock Exchange on May 12, 1993.
 SPI Pharmaceuticals, headquartered in Costa Mesa, manufactures, markets and distributes more than 600 prescription and nonprescription pharmaceuticals in over 60 countries, including North and Latin America, Western and Eastern Europe and the Far East.
 -0- 5/13/93
 /CONTACT: Paul Knopick of SPI Pharmaceuticals, Inc., 714-545-0100, ext. 2465/
 (SPI)


CO: SPI Pharmaceuticals, Inc. ST: California IN: MTC SU: DIV

TS-OS -- NY017 -- 7957 05/13/93 09:20 EDT
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Publication:PR Newswire
Date:May 13, 1993
Words:170
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