SCHERING-PLOUGH <SGP> PLANS HIGHER DIVIDEND
Schering-Plough Corp said Chairman
Robert P. Luciano intends to recommend to the board at its next
regular meeting on October 27 that the quarterly dividend be
increased five cts, or 20 pct, to 30 cts a share effective with
the payment to be made in November.
    The company also said it also plans to resume immediately
its share repurchase plan and expects to buy about 200 mln dlrs
of stock.
     The company suspended the share repurchase program
september 22  while it studied the proposed dividend increase,
Schering said.
    Schering-Plough had, under the plan announced June 23, been
authorized to repurchase of 4.6 mln shares, a spokesman said.
He was unable to say how many shares were repurchased prior to
suspension of the program.
    The company said it expects continuing operations to
generate strong gains for rest of year and on into l988.     It
said Luciano will ask board to review dividend policy once
again early next year. The dividend was previously increased in
May 1987 and February 1986.
 Reuter
