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TENNECO BOARD DECLARES FOURTH QUARTER DIVIDEND

 TENNECO BOARD DECLARES FOURTH QUARTER DIVIDEND
 HOUSTON, Oct. 6 /PRNewswire/ -- Tenneco Inc. (NYSE: TGT) announced


today that its board of directors has declared a regular fourth quarter dividend of 40 cents per share on its common stock. The dividend is payable on December 8 to stockholders of record at the close of business on November 25.
 This will be the company's 181st consecutive quarterly common stock dividend payment.
 The board also declared a quarterly dividend of $1.85 per share on its $7.40 cumulative preferred stock. The preferred stock dividend is payable on December 31 to holders of record at the close of business on November 27.
 Tenneco's board also declared a quarterly dividend of 70 cents per share on its $2.80 depositary shares, each of which represents one-half of a share of the company's Series A cumulative preferred stock, or PERCS. The dividend is payable on December 31 to holders of record on November 27.
 Tenneco is a Houston-based, diversified industrial company with major business interests in natural gas pipelines (Tenneco Gas), farm and construction equipment (J I Case), automotive parts (Tenneco Automotive), shipbuilding (Newport News), packaging (Packaging Corporation of America), and chemicals (Albright & Wilson).
 -0- 10/6/92
 /CONTACT: Christine LeLaurin of Tenneco Inc., 713-757-2761/
 (TGT) CO: Tenneco Inc. ST: Texas IN: OIL SU: DIV


TS -- NY046 -- 7033 10/06/92 11:44 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Oct 6, 1992
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