ITT Corporation

ITT Industries Declares $0.15 Per Share Fourth Quarter Dividend

    10/22/1996

    ITT Industries Declares $0.15 Per Share Fourth Quarter Dividend

        WHITE PLAINS, N.Y., Oct. 22 /PRNewswire-- ITT Industries, Inc., a global, diversified manufacturing company, today declared a
    cash dividend of $0.15 per share for the fourth quarter of 1996, payable
    January 1 to shareholders of record on November 15, 1996.
        "With this fourth dividend declaration by our Board, we have achieved our
    stated goal to pay cash dividends at the Annual rate of $.60 per share", said
    Travis Engen, Chairman, President and Chief Executive of ITT Industries.  ITT
    Industries has paid dividends of $0.15 per share on April 1, July 1 and
    October 1 of this year.
        ITT Industries is a leading worldwide diversified manufacturing company,
    with 1995 sales of $8.4 billion dollars from its three primary business
    segments: Automotive, Defense & Electronics, and Fluid Technology. ITT
    Automotive is one of the world's largest independent suppliers of systems and
    components to automotive manufacturers. ITT Defense & Electronics is a world
    leader in the design, manufacture and support of high technology electronic
    systems and components for defense and commercial markets. ITT Fluid
    Technology is one of the world's leading manufacturers of products, systems
    and services for the movement, measurement, and control of fluids.
        In addition to the New York Stock Exchange, ITT Industries' stock is
    traded under the symbol ("IIN") on the Basel, Bern, Frankfurt, Geneva,
    Lausanne, London, Midwest, Pacific and Paris exchanges.
    
    SOURCE  ITT Industries, Inc.
    
    

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2016 revenues of $2.4 billion.

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Jason Moss
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