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ENRON ANNOUNCES DIVIDENDS
FOR IMMEDIATE RELEASE: Tuesday, May 5, 1998
HOUSTON - The Enron Corp. Board of Directors declared today a regular quarterly dividend of $0.2375 per share on the corporation's common stock payable on June 22, 1998 to stockholders of record as of June 1, 1998. The indicated annual rate is $0.95 per share.
The Board also declared a regular quarterly dividend of $3.2424 on the Cumulative Second Preferred Convertible Stock payable July 1, 1998 to preferred stockholders of record as of June 12, 1998. The indicated annual rate is $12.9696 per share.
Enron Capital LLC, a wholly owned subsidiary of Enron Corp., declared its monthly dividend of $0.166667 on the Enron Capital LLC 8% Cumulative Guaranteed Monthly Income Preferred Shares for the month of May, payable June 1, 1998 to stockholders of record as of May 29, 1998. The annual dividend rate is $2.00.
Enron Capital Resources, L.P., a Delaware limited partnership in which Enron Corp. is the sole general partner, declared its monthly dividend of $0.1875 on the Enron Capital Resources, L.P. 9% Cumulative Preferred Securities, Series A, for the month of May, payable June 1, 1998 to holders of record as of May 29, 1998. The annual dividend rate is $2.25.
Enron is the world's leading integrated natural gas and electricity company. The company owns approximately $23 billion in energy related assets and delivers physical commodities and risk management and financial services to provide energy solutions to customers around the world. Enron's internet address is www.enron.com, and the stock is traded under the ticker symbol, "ENE."
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For additional information please contact:
Karen Denne
(713) 853-9757
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