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THORN APPLE VALLEY ANNOUNCES QUARTERLY DIVIDEND AND STOCK SPLIT

 THORN APPLE VALLEY ANNOUNCES QUARTERLY DIVIDEND AND STOCK SPLIT
 SOUTHFIELD, Mich., Oct. 28 /PRNewswire/ -- The board of directors of Thorn Apple Valley, Inc. (NASDAQ: TAVI) today announced the declaration of a quarterly cash dividend on its Common Stock of $0.06 per share, payable on Nov. 30, 1992, to holders of record of Common Stock at the close of business on Nov. 16, 1992. The board of directors also announced a 3-for-2 split of the Common Stock, payable on Dec. 23, 1992, in the form of a stock dividend of one share of Common Stock for each two shares of Common Stock to holders of record of Common Stock at the close of business on Dec. 1, 1992.
 The board of directors also announced that it is the board's current intention to continue its practice of declaring a quarterly dividend of $0.06 per share after the stock split (or $0.09 per share, on a pre- split basis), if such a dividend is warranted by the company's financial performance.
 The company recently reported first-quarter earnings for the fiscal quarter ended Sept. 18, 1992, of $5.2 million ($1.35 per share) as compared to $5.8 million ($1.60 per share) for the first quarter of the prior fiscal year.
 Thorn Apple Valley is a major producer of premium consumer packaged meat and poultry products and a leading slaughterer of hogs, whose products are sold to wholesalers, supermarkets and food service operators. The Common Stock of the company is traded on the National Association of Securities Dealers Automated Quotation System over-the- counter market under the symbol TAVI.
 -0- 10/28/92
 /CONTACT: Louis Glazier, executive vice president-Finance and Administration, Thorn Apple Valley, 313-552-0700/
 (TAVI) CO: Thorn Apple Valley, Inc. ST: Michigan IN: FOD SU: DIV


SM -- DE016 -- 5914 10/28/92 11:00 EST
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Publication:PR Newswire
Date:Oct 28, 1992
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