Michael Foods, Inc. (Nasdaq: MIKL) announced yesterday that its Board of Directors declared a regular quarterly cash dividend of $0.08 per share. The dividend is payable February 12, 2001 to shareholders of record as of January 29, 2001. Michael Foods, Inc. is a diversified food processor and distributor with particular interests in egg products, refrigerated grocery products, specialty dairy products and refrigerated potato products. Principal subsidiaries include Papetti's Hygrade Egg Products, Inc., M. G. Waldbaum Company, Crystal Farms Refrigerated Distribution Company, Kohler Mix Specialties, Inc. and Northern Star Co.