The Virginian-Pilot
                             THE VIRGINIAN-PILOT 
              Copyright (c) 1994, Landmark Communications, Inc.

DATE: Tuesday, November 15, 1994             TAG: 9411150405
SECTION: BUSINESS                 PAGE: D2   EDITION: FINAL 
TYPE: Digest 
                                             LENGTH: Short :   18 lines

SMITHFIELD DECLARES DIVIDEND

The Smithfield Companies Inc. board of directors declared a quarterly dividend of 5 cents per share at its meeting on Friday. The dividend is an increase of 1 cent over what the company had previously paid its shareholders. The company last month announced a net income of $423,765, or 29 cents per share, for the six month period ending Sept. 30. (Staff) by CNB