Article: ARROW-MAGNOLIA INTERNATIONAL DECLARES 100 PERCENT STOCK DIVIDEND

DALLAS, Texas, May 31 /PRNewswire/ -- The Board of Directors of Arrow-Magnolia International, Inc. (Nasdaq: ARWM) has declared a 2-for-1 stock split in the form of a 100 percent stock dividend. The stock dividend was ratified by stockholders at the Annual Meeting May 30, 1996.

The dividend will be paid to stockholders of record as of June 14, 1996, with distribution of the new shares to be made as soon as is practicable after that date. There are currently 1,157,600 shares of the Company's common stock issued and outstanding.

In addition to ratifying the Board's declaration of the stock dividend, ...

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