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ENRON ANNOUNCES REGULAR QUARTERLY DIVIDEND
FOR IMMEDIATE RELEASE: Tuesday, May 6, 1997
HOUSTON -- The Enron Board of Directors today declared a regular quarterly dividend of $0.2250 per share on the corporation's common stock payable on June 20, 1997, to stockholders of record as of June 2, 1997. The indicated annual rate is $0.90 per share.
The Board also declared a regular quarterly dividend of $3.0717 on the Cumulative Second Preferred Convertible Stock payable July 1, 1997 to preferred stockholders of record as of June 13, 1997. The indicated annual rate is $12.2868 per share.
Enron Corp., one of the world's largest integrated natural gas and electricity companies with approximately $16 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 is traded under the ticker symbol, "ENE."
For additional information please contact:
Carol Hensley
(713) 853-6498
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