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COASTAL DECLARES QUARTERLY DIVIDENDS ON COMMON, CLASS A & PREFERRED STOCK

 COASTAL DECLARES QUARTERLY DIVIDENDS
 ON COMMON, CLASS A & PREFERRED STOCK
 HOUSTON, Jan. 31 /PRNewswire/ -- The board of directors of The Coastal Corporation (NYSE: CGP) today declared quarterly cash dividends on the company's outstanding common stock, Class A common stock and publicly held preferred stock and set Feb. 28, 1992, as the record date for determining holders entitled to receive the payments on these issues.
 Payments on dividends are scheduled as follows:
 Stock Quarterly Amount Per Share Payment Date
 Common stock 10 cents April 1, 1992
 Class A 9 cents April 1, 1992
 $1.19 Series A
 convertible preferred 29-3/4 cents March 15, 1992
 $1.83 Series B
 convertible preferred 45-3/4 cents March 15, 1992
 -0- 1/31/92
 /CONTACT: W. F. Osterloh of Coastal, 713-877-6732/
 (CGP) CO: The Coastal Corporation ST: Texas IN: OIL SU: DIV


JT-KW -- NY059 -- 5755 01/31/92 16:07 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 31, 1992
Words:147
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