McRae Industries, Inc. Dividend Declared

MOUNT GILEAD, N.C., Dec. 5, 2012 /PRNewswire/ -- McRae Industries, Inc. (Pink Sheets: MRINA and MRINB) declared a dividend of $.59 (which includes a special dividend of $.50 per share) per share on the Company's Class A and Class B Common Stock payable on December 27, 2012 to shareholders of record on December 20, 2012.

SOURCE McRae Industries, Inc.