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Standard Products Declares Regular Quarterly Dividend

16 March 1998

Standard Products Declares Regular Quarterly Dividend

    CLEVELAND, March 16 -- Directors of The Standard Products Co.
today declared a regular quarterly dividend of $.17 per share,
payable April 24, 1998 to shareholders of record April 10, 1998.
    Standard Products manufactures sealing, trim and vibration control systems
for the automotive original equipment industry at plants in North America and
South America and Europe, and its NISCO joint venture manufactures automotive
sealing systems in the United States.  The Company's Holm Industries
subsidiary produces seals for home and commercial refrigerators and freezers
and for residential doors and windows.  Its Oliver Rubber subsidiary
manufactures tread rubber and equipment for the retread industry.

SOURCE  The Standard Products Co.