Amherst, New York, March 3, 1997 -- Mark IV Industries, Inc. (NYSE: IV) announced today that its Board of Directors approved a 14 percent increase in the company's cash dividend, to 16 cents per share annually, or four cents per share per quarter.

In addition, the Board declared the company's regular quarterly cash dividend, at the new rate, for the quarter ended February 28, 1997. The dividend will be paid on March 27, 1997, to shareholders of record at the close of business on March 14, 1997.

Mark IV Industries, Inc., headquartered in the Buffalo suburb of Amherst, New York, employs approximately 15,400 people worldwide, manufacturing power transmission, fluid transfer and filtration systems and components for global industrial and automotive markets.