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ENRON ANNOUNCES INCREASES FOR COMMON AND PREFERRED
CONVERTIBLE STOCK DIVIDENDS
FOR IMMEDIATE RELEASE: Tuesday, October 14, 1997
HOUSTON -- Enron Corp. today announced an increase in the indicated annual
dividend rate of the corporation’s common stock to $.95 per share from the current indicated
annual rate of $.90 per share, an increase of 6 percent. The increase will be effective with the
fourth quarter dividend of $.2375 per share payable on December 22, 1997 to stockholders of
record as of December 1, 1997. Enron last increased its dividend in December 1996 from an
indicated annual rate of $.85 to $.90 per share.
"Enron's Board of Directors is very enthusiastic about the company's ability to achieve
its long-term goals and is happy to announce our seventh consecutive annual dividend
increase," said Kenneth L. Lay, chairman and CEO of Enron Corp.
The Board also increased the dividend on the Cumulative Second Preferred Convertible
Stock to 12.9696 per share from the current indicated annual rate of $12.2868 per share.
Pursuant to a shareholder amendment approved in May 1994, the dividend on the Cumulative
Second Preferred Convertible Stock tracks the equivalent dividend on the common stock and a
quarterly dividend of 3.2424 per share will be payable on January 2, 1998 to preferred
stockholders of record as of December 12, 1997.
Enron Corp., one of the world's largest integrated natural gas and electricity companies
with approximately $19 billion in assets, operates one of the largest natural gas transmission
systems in the world; is the largest purchaser and marketer of natural gas and the largest non-
regulated marketer of electricity in North America; is a leading participant in liberalized energy
markets in the United Kingdom and the Nordic Countries; markets natural gas liquids
worldwide; manages the largest portfolio of fixed-price natural gas risk management contracts in
the world; is among the leading entities arranging new capital to the energy industry; owns a
majority interest in Enron Oil & Gas Company, one of the largest independent (non-integrated)
exploration and production companies in the United States; owns a majority interest in Enron
Global Power & Pipelines L.L.C., which is owner and manager of operating power plants and
natural gas pipelines around the world; is one of the largest independent developers and
producers of electricity in the world; and is a major supplier of solar and wind renewable energy
worldwide. Enron's internet address is www.enron.com and its common stock is traded under
the ticker symbol, "ENE."
For additional information please contact:
Carol Hensley
(713) 853-6498
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