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PANHANDLE EASTERN CORPORATION DECLARES QUARTERLY DIVIDEND

 HOUSTON, Oct. 27 /PRNewswire/ -- The board of directors of Panhandle Eastern Corporation (NYSE: PEL) today declared a quarterly dividend of $0.20 cents per share of common stock, payable Dec. 15, 1993, to shareholders of record on Nov. 12, 1993.
 Panhandle Eastern Corporation, one of the 15 companies that comprise the Dow Jones Utility Average, has paid dividends continuously since 1939.
 Panhandle Eastern Corporation, America's natural gas transportation company, operates one of the nation's largest interstate natural gas pipeline systems, providing natural gas transportation and related services to the Midwest and Northeast markets.
 -0- 10/27/93
 /CONTACT: John P. Barnett (media), 713-627-4072, or Brad Porlier (investors), 713-627-4600 or 800-347-3636, both of Panhandle Eastern/
 (PEL)


CO: Panhandle Eastern Corporation ST: Texas IN: OIL SU: DIV

SH -- NY048 -- 7235 10/27/93 11:28 EDT
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Publication:PR Newswire
Date:Oct 27, 1993
Words:134
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