NEW YORK, Dec. 4, 2002 (PRIMEZONE) -- A quarterly dividend distribution of $.20 per share for the quarter ending December 31, 2002 was declared today by Bexil Corporation (AMEX:BXL), payable December 31, 2002 to shareholders of record December 16, 2002. This quarterly dividend distribution reflects the discontinuation of the Company's managed 8% distribution policy.