Enron Corp. Announces Regular Quarterly Dividend
FOR IMMEDIATE RELEASE: Monday, August 12, 1996
HOUSTON -- The Enron Corp. Board of Directors today declared a third quarter dividend of $0.2125 per share on the corporation's common stock payable on September 20, 1996, to stockholders of record as of September 3, 1996. The indicated annual rate is $0.85 per share.
The Board also declared a dividend on the Cumulative Second Preferred Convertible Stock payable October 1, 1996 to preferred stockholders of record as of September 13, 1996. The quarterly dividend rate is $2.901.
Enron Corp., one of the world's largest integrated natural gas companies with approximately $13 billion in assets, operates the largest natural gas transmission system in the Western Hemisphere and the second largest system in the world; is the largest purchaser and marketer of natural gas and the largest non-regulated marketer of electricity in North America; produces and markets natural gas liquids worldwide; owns 59 percent of Enron Oil & Gas Company, one of the largest independent (non-integrated) exploration and production companies in the United States; owns 59 percent of Enron Global Power & Pipelines L.L.C., which is owner and manager of operating power plants and natural gas pipelines around the world; and is one of the largest independent developers and producers of electricity in the world. Enron Corp. is traded under the ticker symbol, "ENE."
For additional information please contact:
Diane Bazelides
(713) 853-6285
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