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SPI PHARMACEUTICALS ANNOUNCES THIRD QUARTER DIVIDEND

 COSTA MESA, Calif., Sept. 30 /PRNewswire/ -- The board of directors of SPI Pharmaceuticals Inc. (AMEX: SPI) today declared a third 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 1.5 percent common stock dividend equal to 21 3/4 cents per share.
 The cash dividend is payable Oct. 30 to shareholders of record Oct. 10. The stock dividend will be payable Oct. 30, 1993, to shareholders of record Oct. 10, 1993, based on SPI's closing price on the American Stock Exchange on Sept. 29.
 SPI Pharmaceuticals, headquartered in Costa Mesa, Calif., manufactures, markets, and distributes more than 600 prescription and non-prescription pharmaceuticals in over 60 countries, including North and Latin America, Western and Eastern Europe, and the Far East.
 -0- 9/30/93
 /CONTACT: Paul Knopick, 714-545-0100, ext. 2465/
 (SPI)


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

NY-LS -- LA006 -- 7098 09/30/93 08:02 EDT
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Publication:PR Newswire
Date:Sep 30, 1993
Words:166
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