ENRON ANNOUNCES DIVIDENDS
FOR IMMEDIATE RELEASE: Friday, October 27, 2000
HOUSTON -- The Enron Corp. Board of Directors declared today a regular quarterly dividend of $0.125 per share on the corporation’s common stock payable on Dec. 20, 2000 to shareholders of record as of Dec. 1, 2000. The indicated annual rate is $0.50 per share.
The Board also declared a regular quarterly dividend of $3.413 on the Cumulative Second Preferred Convertible Stock payable Jan. 2, 2001 to shareholders of record as of Dec. 15, 2000. The indicated annual rate is $13.652 per share.
Enron is one of the world’s leading electricity, natural gas and communications companies. The company, with revenues of $40 billion in 1999 and $60 billion for the first nine months of 2000, markets electricity and natural gas, delivers physical commodities and financial and risk management services to customers around the world, and is developing an intelligent network platform to facilitate online business. Fortune magazine has named Enron “America’s Most Innovative Company” for five consecutive years, the top company for “Quality of Management” and the second best company for “Employee Talent.” Enron’s Internet address is www.enron.com. The stock is traded under the ticker symbol “ENE.”
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