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UST INC. DECLARES REGULAR QUARTERLY DIVIDEND AND INCREASES FUNDS FOR STOCK REPURCHASES

 GREENWICH, Conn., Oct. 28 /PRNewswire/ -- The board of directors of UST Inc. (NYSE: UST) late yesterday declared regular quarterly dividend of 24 cents per common share, payable Dec. 15, 1993 to stockholders of record at the close of business Dec. 3, 1993.
 UST also announced today that it intends to use the proceeds of a $50,000,000 credit facility with the Bank of Boston to increase the funds available for the stock repurchase program in light of yesterday's drop in the company's stock price and the company's belief that the stock represents an attractive investment opportunity.
 Under the current stock repurchase program, the company is authorized to repurchase up to 40 million shares of its stock from time to time in the open market or in negotiated transactions. Since the current program was initiated in 1990, approximately 30 million shares have been repurchased.
 UST, through its subsidiaries, is a leading producer and marketer of moist smokeless tobacco products including Copenhagen, Skoal, Skoal Long Cut and Skoal Bandits. Other consumer products marketed by UST subsidiaries include premium wines sold nationally through the Chateau Ste. Michelle, Columbia Crest, Conn Creek and Villa Mt. Eden wineries.
 -0- 10/28/93
 /CONTACT: Alan Kaiser of UST, 203-622-3549/
 (UST)


CO: UST Inc. ST: Connecticut IN: TOB SU: DIV

LG-WB -- NY045 -- 7803 10/28/93 10:39 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
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