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SPI PHARMACEUTICALS INC. DECLARES THIRD QUARTER DIVIDEND

 SPI PHARMACEUTICALS INC. DECLARES THIRD QUARTER DIVIDEND
 COSTA MESA, Calif. Oct. 8 /PRNewswire/ -- The board of directors of SPI Pharmaceuticals Inc. (AMEX: SPI) today declared a third quarter common stock dividend of 26 1/2 cents payable Oct. 30, 1992, to shareholders of record on Oct. 15, 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 its board of directors. Under 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, manufactures, markets and distributes 600 prescription and non- prescription pharmaceuticals in more than 60 countries, including North and Latin America, Western and Eastern Europe and the Far East.
 -0- 10/8/92
 /CONTACT: Paul Knopick of SPI Pharmaceuticals, 714-545-0100, ext. 2465/
 (SPI) CO: SPI Pharmaceuticals ST: California IN: MTC SU: DIV


EH-ML -- LA019 -- 7871 10/08/92 12:48 EDT
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Publication:PR Newswire
Date:Oct 8, 1992
Words:186
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