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UNR INDUSTRIES, INC. ANNOUNCES $2 EXTRAORDINARY DIVIDEND

 CHICAGO, Dec. 18 /PRNewswire/ -- UNR Industries, Inc. (NASDAQ-NMS: UNRI; MSE) announced today that its board of directors declared an extraordinary dividend of $2 on each issued and outstanding share of the company's common stock. The dividend will be paid in cash on Feb. 1, 1993, to stockholders of record as of the close of business on Jan. 15, 1993. The company had previously paid an extraordinary cash dividend of $1 on Jan. 15, 1992. Earlier in the month the company declared a $.20 regular cash dividend to be paid on Feb. 1, 1993, to shareholders of record as of the close of business on Jan. 15, 1993.
 Commenting on the dividend, President and CEO Thomas A. Gildehaus stated, "The declaration of this dividend distributes our excess cash while maintaining a liquid and profitable operating entity for future growth. We anticipate that following the dividend distribution, the company will have approximately $10 million of cash on hand, debt outstanding of approximately $28 million, and stockholders' equity of over $145 million."
 UNR Industries, Inc. is a diversified company producing welded steel tubing, shopping carts, stainless steel sinks, towers and shelters for communication and other uses, and material handling products and systems. It also is a distributor of rail and track accessories and products for the cable television industry.
 -0- 12/18/92
 /CONTACT: Henry Grey, vice president-finance and treasurer, UNR Industries, Inc., 312-341-1234/
 (UNRI)


CO: UNR Industries, Inc. ST: Illinois IN: SU: DIV

SB -- DE017 -- 8354 12/18/92 15:51 EST
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Publication:PR Newswire
Date:Dec 18, 1992
Words:250
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