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MARK IV INDUSTRIES TO PAY 5% STOCK DIVIDEND

Mark IV Industries Inc. will pay its shareholders a 5 percent stock dividend, the Amherst manufacturer said Thursday.

The stock dividend, Mark IV's sixth since mid-1990, will be paid on April 28 to shareholders of record on April 17. Shareholders will receive cash in place of fractional shares.

The dividend will boost the total number of Mark IV shares outstanding to about 59.9 million, the company said.

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