|
FOR IMMEDIATE RELEASE: Tuesday, August 11, 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 September 22, 1998 to stockholders of record as of September 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 October 1, 1998 to preferred stockholders of record as of September 11, 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 percent Cumulative Guaranteed Monthly Income Preferred Shares for the month of August, payable August 31, 1998 to stockholders of record as of August 28, 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 percent Cumulative Preferred Securities, Series A, for the month of August, payable August 31, 1998 to holders of record as of August 28, 1998. The annual dividend rate is $2.25.
Enron is one of the world's leading integrated electricity and natural gas companies. The company, which owns approximately $24 billion in energy related assets, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide and delivers physical commodities and risk management and financial services to customers around the world. Enron's Internet address is www.enron.com, and the stock is traded under the ticker symbol, "ENE."
Click here to download this press release in Microsoft Word format.
For additional information please contact:
Karen Denne
(713)853-9757
 |
