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ENRON ANNOUNCES DIVIDENDS
FOR IMMEDIATE RELEASE: Tuesday, August 10, 1999
HOUSTON - The Enron Corp. Board of Directors has declared a regular quarterly dividend of $0.125 per share on the corporation’s common stock payable on Sept. 20, 1999, to stockholders of record as of Sept. 1, 1999. The indicated annual rate is $0.50 per share. The quarterly dividend reflects Enron’s two-for-one common stock split that will be effective Aug. 13, 1999 to shareholders of record as of July 23, 1999.
The Board also declared a regular quarterly dividend of $3.413 on the Cumulative Second Preferred Convertible Stock payable Oct. 1, 1999 to preferred stockholders of record as of Sept. 10, 1999. The indicated annual rate is $13.652 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 August, payable Aug. 31, 1999 to stockholders of record as of Aug. 30, 1999. 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 August, payable Aug. 31, 1999 to holders of record as of Aug. 30, 1999. The annual dividend rate is $2.25.
Enron is one of the world’s leading electricity, natural gas and communications companies. The company, which owns approximately $33 billion in energy and communications assets, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide, delivers physical commodities and financial and risk management services to customers around the world and is developing a nationwide Internet-based communications network. Enron’s Internet address is /corp, 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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