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UST INCREASES DIVIDEND BY 21.2 PERCENT AND DECLARES STOCK SPLIT

 UST INCREASES DIVIDEND BY 21.2 PERCENT AND DECLARES STOCK SPLIT
 GREENWICH, Conn., Dec. 19 /PRNewswire/ -- The board of directors of UST (NYSE: UST) today announced a 21.2 percent increase in the quarterly dividend for the first quarter of 1992 and a two-for-one stock split of its common shares in the form of a 100 percent stock dividend.
 The additional shares of common stock will be distributed on or about Jan. 27, 1992 to stockholders of record Dec. 31, 1991.
 This is the 21st consecutive year the company has increased the quarterly dividend. Stockholders of record on March 5, 1992 will receive a first quarter dividend of $.20, payable on March 14, 1992, on each share of the company's common shares, including the shares received in the stock dividend. The company has paid cash dividends without interruption since 1912.
 The board of directors also announced that the 1992 annual meeting of stockholders of UST will be held on May 5, 1992. The company's nominees for election at the annual meeting for terms expiring in 1995 are: Jack Africk, a director since 1980 and an executive officer; Albert H. Leader, a director since 1983; Ralph L. Rossi, a director and an executive officer since 1973, and John P. Warwick, a director since 1991.
 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- 12/19/91
 /NOTE TO EDITORS: Copenhagen, Skoal, Skoal Long Cut, Skoal Bandits, Chateau Ste. Michelle, Columbia Crest, Conn Creek, and Villa Mt. Eden are registered trademarks of UST subsidiaries./
 /CONTACT: Alan Kaiser of UST, 203-622-3549/
 (UST) CO: UST ST: Connecticut IN: TOB SU: DIV


SM-JT -- NY039 -- 3879 12/19/91 12:00 EST
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Publication:PR Newswire
Date:Dec 19, 1991
Words:318
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