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VINTAGE PETROLEUM INC. INITIATES CASH DIVIDEND

 VINTAGE PETROLEUM INC. INITIATES CASH DIVIDEND
 TULSA, Okla., Oct. 5 /PRNewswire/ -- Vintage Petroleum Inc.


(NYSE: VPI) today announced its board of directors has authorized a cash dividend of one cent per share.
 "The company's performance warrants the initiation of this dividend," said Charles C. Stephenson, Jr., chairman. "At the present time, it is our intention to continue the dividend on a quarterly basis. In addition to broadening the market for our shares to investors who desire a dividend, we intend for this to be a clear signal of our confidence in the future of our compa"?
 The company said the dividend will be paid Nov. 3, 1992, to stockholders of record on Oct. 20, 1992.
 Vintage Petroleum Inc. is an independent energy company engaged in the acquisition, exploitation and development of oil and gas properties and the marketing of natural gas and crude oil. Company headquarters are in Tulsa, and its common shares are traded on the New York Stock Exchange under the symbol "VPI."
 -0- 10/5/92
 /CONTACT: William C. Barnes, senior vice president and chief financial officer of Vintage Petroleum, 918-592-0101/
 (VPI) CO: Vintage Petroleum Inc. ST: Oklahoma IN: OIL SU: DIV


GT -- SF005 -- 6746 10/05/92 16:24 EDT
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Publication:PR Newswire
Date:Oct 5, 1992
Words:204
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