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

                COASTAL DECLARES QUARTERLY DIVIDENDS ON
                  COMMON, CLASS A AND PREFERRED STOCK
    HOUSTON, Nov. 7 /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 Nov. 29, 1991, as the record date for determining holders entitled to receive the payments on these issues.
    Payments on dividends are scheduled as follows:
                                         Quarterly Amount
    Stock                                   Per Share      Payment Date
    Common stock                             10 cents      Jan. 1, 1992
    Class A                                   9 cents      Jan. 1, 1992
    $1.19 Class A convertible preferred  29-3/4 cents     Dec. 15, 1991
    $1.83 Class B convertible preferred  45-3/4 cents     Dec. 15, 1991
    -0-        11/7/91
    /CONTACT:  W.F. Osterloh of Coastal, 713-877-6732/
    (CGP) CO:  Coastal Corporation ST:  Texas IN:  OIL SU:  DIV CK-TS -- NY053 -- 2216 11/07/91 12:24 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 7, 1991
Words:147
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