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Mallinckrodt Board of Directors Declares Quarterly Dividend

    ST. LOUIS, Aug. 20 /PRNewswire/ -- The board of directors of Mallinckrodt
Inc. (NYSE: MKG) has declared a quarterly dividend of 16.5 cents per share on
the company's common stock, payable September 30, 1999, to shareholders of
record at the close of business on September 15, 1999.
    At its August meeting, the board also declared the regular $1 per share
quarterly dividend on Mallinckrodt's 4 percent cumulative preferred stock,
also payable September 30, 1999, to shareholders of record at the close of
business on September 15, 1999.
    Based in St. Louis, Mo., Mallinckrodt Inc. has three healthcare product
groups -- Imaging, Pharmaceuticals and Respiratory.  The company operates in
more than 100 countries and had fiscal 1999 net sales of $2.6 billion.
The Mallinckrodt website address is http://www.mallinckrodt.com .

    CONTACT:  Media, Barbara Abbett, 314-654-5230, Communications@mkg.com or
Investors, Barbara Gould, 314-654-3190, Invest@mkg.com, both of Mallinckrodt
Inc.


SOURCE Mallinckrodt Inc.




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Related links:
  • http://www.mallinckrodt.com
    Company News On-Call:
  • http://www.prnewswire.com/comp/440950.html or fax,
    800-758-5804, ext. 440950
    CONTACT:
    Media, Barbara Abbett, 314-654-5230,
    Communications@mkg.com, or Investors, Barbara Gould,
    314-654-3190, Invest@mkg.com, both of Mallinckrodt Inc.