NEW PROCESS CO <NOZ> SETS QTLY PAYOUT New Process Co said it declared a quarterly dividend of 12-1/2 cts, the regular dividend it pays during the first three quarters of the year. The dividend is payable May 1 to shareholders of record April 10. Last year, New Process paid an annual dividend of 1.18 dlrs by paying 12-1/2 cts a share in each of the first three quarters and a fourth quarter dividend of 80-1/2 cts.