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The Morgan Group, Inc. Announces Quarterly Dividend

22 June 1998

The Morgan Group, Inc. Announces Quarterly Dividend

    BALTIMORE--(AutomotiveWire)--June 19, 1998--The Board of Directors of The Morgan Group, Inc. (AMEX:MG) declared a quarterly cash dividend of $.02 per share of Class A Common Stock and $.01 per share of Class B Common Stock. The dividend is payable on July 20, 1998 to shareholders of record on July 8, 1998.
    The Morgan Group, Inc. is the nation's leader in providing services to the manufactured housing industry and arranges as well for the movement of commercial vehicles, office trailers, and a variety of other vehicles and freight. The Company has a national network of approximately 1,600 independent owner-operators and 1,300 other drivers dispatched from 123 offices in 35 states. The Company also provides insurance and financial services through its wholly-owned subsidiaries, Interstate Indemnity and Morgan Finance, Inc.