CLARCOR Increases Quarterly Dividend by 26%

  CLARCOR Increases Quarterly Dividend by 26%

Business Wire

FRANKLIN, Tenn. -- September 30, 2013

At its regular quarterly meeting held on September 30, 2013, the Board of
Directors of CLARCOR Inc. (NYSE: CLC) resolved to increase the company’s
regular quarterly dividend by approximately 26%, from $0.135 per share of
common stock to $0.17 per share of common stock. The Board further resolved to
pay the new $0.17 per share dividend on Friday, October 18, 2013 to
shareholders of record on Friday, October 11, 2013.

Chris Conway, CLARCOR’s Chairman and Chief Executive Officer said, “This 26%
increase represents the largest percentage increase in our dividend in at
least the last 20 years, and continues the company’s consecutive streak of
increasing dividends every year for the last 30 years. I am proud that we are
able to return greater amounts of cash to our shareholders while still
maintaining the capacity to make acquisitions, invest in capital projects and
undertaking repurchases of our shares.”

CLARCOR is based in Franklin, Tennessee and is a diversified marketer and
manufacturer of mobile, industrial and environmental filtration products and
consumer and industrial packaging products sold in domestic and international
markets. Common shares of the Company are traded on the New York Stock
Exchange under the symbol CLC. Further information on CLARCOR can be found at
www.clarcor.com.

Contact:

CLARCOR Inc.
David J. Fallon, 615-771-3100
Chief Financial Officer