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WILSHIRE OIL COMPANY DECLARES STOCK DIVIDEND

 WILSHIRE OIL COMPANY DECLARES STOCK DIVIDEND
 JERSEY CITY, N.J., June 16 /PRNewswire/ -- Wilshire Oil Company of


Texas (NYSE: WOC) announced at its annual stockholders meeting that the board of directors declared a 3 percent stock dividend on the company's common stock.
 This dividend is payable on Aug. 28, 1992, to shareholders of record as of July 31, 1992. Cash at market value will be issued in lieu of fractional shares.
 A record 92 percent of the shares were represented at the meeting of which 99 percent voted for the reelection of directors.
 -0- 6/16/92
 /CONTACT: Wilshire Oil Company public relations, 201-420-2796/
 (WOC) CO: Wilshire Oil Company of Texas ST: New Jersey IN: OIL SU: DIV


TS-GK -- NY023 -- 0550 06/16/92 09:58 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 16, 1992
Words:127
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