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BASKING RIDGE, N.J., July 29 -- Hooper Holmes, Inc. (Amex: HH) announced that its Board of Directors has approved a half cent per share increase in its quarterly cash dividend to $0.02 per share. The dividend is payable on August 28, 1998 to shareholders of record on August 14, 1998. Jim McNamee, Chairman, commented, ``The Board's decision to increase the dividend is indicative of management's confidence in Hooper Holmes' financial performance and growth prospects for the future. We are optimistic that Hooper's strong operating results, solid balance sheet and dominant market position will continue to contribute to the successful execution of our business strategy.'' Hooper Holmes, Inc. provides medical and other underwriting information on insurance policy applicants to the major companies in the health and life insurance industry. The Company provides health information services through its 200 locations nationwide. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Hooper Holmes Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K fo
the most recently ended fiscal year.
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