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ENEX RESOURCES CORPORATION ANNOUNCES25 PERCENT INCREASE IN CASH DIVIDEND

 KINGWOOD, Texas, Nov. 25 ~PRNewswire~ -- Enex Resources Corporation (NASDAQ: ENEX), today announced that its board of directors declared an annual cash dividend of $.15 per share. The dividend is payable on Dec. 11, 1992 to shareholders of record on Dec. 4, 1992. At a rate of $.15 per share of common stock, this dividend represents a 25 percent increase from the prior year.
 Gerald B. Eckley, president, said, "We are pleased to announce our third annual cash dividend to our shareholders. The 25 percent increase is a direct result of the company's increased profits and cash flow during 1992 despite the relative weakness in oil and gas prices. We expect to increase the dividend as profits and cash flow continue to improve."
 Enex is a company which acquires and manages producing oil and gas properties and markets oil and gas income programs.
 -0- 11~25~92
 ~CONTACT: Robert E. Densford, vice president, secretary and treasurer, Enex Resources Corporation, 713-358-8401~
 (ENEX)


CO: Enex Resources Corporation ST: Texas IN: OIL SU: DIV

TS -- NY014 -- 1432 11~25~92 09:59 EST
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Publication:PR Newswire
Date:Nov 25, 1992
Words:179
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