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UNIVERSAL FOODS INCREASES DIVIDEND

 UNIVERSAL FOODS INCREASES DIVIDEND
 MILWAUKEE, Oct. 7 /PRNewswire/ -- The board of directors of


Universal Foods Corporation (NYSE: UFC) today declared a 4.8 percent increase in the company's regular quarterly dividend on common stock. The new dividend is a $.01 per share increase to $.22 per share. The increased dividend will be paid Nov. 5, 1992 to shareholders of record on Oct. 22, 1992. This is the seventh dividend increase in the last five years, and more than doubles the dividend payment to shareholders during that time.
 Guy A. Osborn, chairman and chief executive officer of the company, said, "This increase in our dividend reflects the board of directors' continued commitment to share the net earnings of the company with its shareholders, even during difficult times. The increase also indicates the board's confidence that the company will experience improved financial results during fiscal 1993."
 Universal Foods Corporation is an international manufacturer and marketer of value-added products. These include food flavors, food colors, the world's most diversified lines of frozen potato and yeast products and dehydrated vegetables.
 -0- 10/7/92
 /CONTACT: Paula C. Norton, director, corporate communication of Universal Foods Corporation, 414-347-3827/
 (UFC) CO: Universal Foods Corporation ST: Wisconsin IN: FOD SU: DIV


KK -- CL004 -- 7387 10/07/92 10:19 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 7, 1992
Words:212
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