Exhibit 11
Page 1 of 2
THE DIAL CORP
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(000 omitted)
Quarter ended September 30,
----------------------------
Primary: 1994 1993
------------ ------------
Net income $ 45,428 $ 37,630
Less: Preferred stock dividends (281) (280)
Subsidiary dilutive securities (17)
------------ ------------
$ 45,130 $ 37,350
============ ============
Average common shares outstanding (1)
before common equivalents 85,275 84,012
Common equivalent stock options 1,613 1,128
------------ ------------
86,888 85,140
============ ============
Net income per share (dollars) $ 0.52 $ 0.44
============ ============
<FN>
(1) The average outstanding common and equivalent shares does not
include 6,898 shares held by the Employee Equity Trust (the "Trust")
at September 30, 1994. Shares held by the Trust are not considered
outstanding for net income per share calculations until the shares
are released from the Trust.
Quarter ended September 30,
-------------------------------------------------------
1994 1993
-------------------------- ----------------------------
Common Common
Fully Diluted: Shares Income Shares Income
------------ ------------ ------------ ------------
Average common and
equivalent shares
and net income
per above 86,888 $ 45,130 85,140 $ 37,350
Common equivalent
stock options
------------ ------------ ------------ ------------
86,888 $ 45,130 85,140 $ 37,350
============ ============ ============ ============
Net income per
share (dollars) $ 0.52 $ 0.44
============ ============
Exhibit 11
Page 2 of 2
THE DIAL CORP
STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
(000 omitted)
Nine months ended
September 30,
----------------------------
Primary: 1994 1993
------------ ------------
Net income $ 106,031 $ 91,934
Less: Preferred stock dividends (842) (841)
Subsidiary dilutive securities (17)
------------ ------------
$ 105,172 $ 91,093
============ ============
Average common shares outstanding (1)
before common equivalents 84,833 84,144
Common equivalent stock options 1,655 1,472
------------ ------------
86,488 85,616
============ ============
Net income per share (dollars) $ 1.22 $ 1.07
============ ============
<FN>
(1) The average outstanding common and equivalent shares does not
include 6,898 shares held by the Employee Equity Trust (the "Trust")
at September 30, 1994. Shares held by the Trust are not considered
outstanding for net income per share calculations until the shares
are released from the Trust.
Nine months ended September 30,
-------------------------------------------------------
1994 1993
-------------------------- ----------------------------
Common Common
Fully Diluted: Shares Income Shares Income
------------ ------------ ------------ ------------
Average common and
equivalent shares
and net income
per above 86,488 $ 105,172 85,616 $ 91,093
Common equivalent
stock options
------------ ------------ ------------ ------------
86,488 $ 105,172 85,616 $ 91,093
============ ============ ============ ============
Net income per
share (dollars) $ 1.22 $ 1.07
============ ============