PARADISE FRUIT &lt;PARF> SETS LOWER DIVIDEND

  Paradise Fruit Co Inc said its
  board declared a dividend of 25 cts per share, payable March 31
  to holders of record March 19.
      The company last paid 50 cts per share in January 1986 and
  before that paid 60 cts in January 1985.
      Paradise said commercial bank lending agreements it entered
  into in June 1986 include retained earnings requirements that
  limit the amount of earnings available for distribution to
  shareholders.
  

