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STANDARD PRODUCTS ANNOUNCES FIVE-FOR-FOUR SPLIT OF SHARES AND DECLARES $.16 DIVIDEND POST SPLIT

 CLEVELAND, May 10 /PRNewswire/ -- Directors of The Standard Products Co. (NYSE: SPD) today declared a five-for-four split of the company's common shares, to be effected in the form of a stock dividend. The stock-split common shares will be distributed June 3, 1993, to shareholders of record on May 20, 1993, with fractional shares paid in cash. After the split has been effected, Standard Products will have approximately 15 million common shares outstanding.
 The directors also declared a dividend of 16 cents per share following the split. The dividend will be payable July 23, 1993, to shareholders of record July 9, 1993. Application of the previous dividend rate of 16 cents per share to the stock-split shares represents an increase of 25 percent over the previous quarterly dividend payment.
 Standard Products Co. manufactures rubber and plastic parts for the automotive original equipment industry at 16 plants in North America, four in France and three in the United Kingdom. Its NISCO joint venture operates two automotive sealing plants in the U.S. The company's Holm Industries subsidiary produces plastic and magnetic door seals for home and commercial appliances at five U.S. locations, and its Oliver Rubber subsidiary is a producer of tread rubber for truck tire retreading, with nine manufacturing facilities in North America and the U.K.
 -0- 5/10/93
 /CONTACT: Aubrey E. Arndt of The Standard Products Co., 216-281-8300; or William L. Dupuy of Edward Howard & Co., 216-781-2400, for The Standard Products Co./
 (SPD)


CO: The Standard Products Company ST: Ohio IN: AUT SU: DIV

AR -- CL015 -- 6440 05/10/93 11:17 EDT
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Publication:PR Newswire
Date:May 10, 1993
Words:266
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