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.