NEW YORK, April 14 /PRNewswire/ -- The Merrill Lynch & Co., Inc.
(NYSE: MER) Board of Directors, at its regular meeting today, approved a
13% increase in the company's quarterly common stock dividend, from 24 cents
to 27 cents per common share. This is the eighth consecutive year in which
the company has increased its dividend.
The dividend will be paid May 26, 1999 to shareholders of record on May 7.
"This dividend increase reflects the strength of our earnings, as well as
our confidence in the future," said David H. Komansky, Chairman and CEO, and
Herbert M. Allison Jr., President and COO.
SOURCE The Merrill Lynch & Co., Inc.
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CONTACT:
Media Relations: Richard T. Silverman,
212-449-9205, or Investor Relations: William L. Hartman,
212-449-8818, both of Merrill Lynch
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