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ENRON CORP. ANNOUNCES 8 PERCENT COMMON STOCK DIVIDEND INCREASE

 ENRON CORP. ANNOUNCES 8 PERCENT COMMON STOCK DIVIDEND INCREASE
 HOUSTON, Oct. 14 /PRNewswire/ -- Enron Corp. (NYSE: ENE) today announced an increase in the indicated annual dividend rate of the corporation's common stock to $1.40 per share from the current indicated annual rate of $1.30 per share, an increase of nearly 8 percent. The increase will be effective with the new fourth quarter dividend of $.35 per share payable on Dec. 21, 1992, to stockholders of record has of Dec. 1, 1992. Enron last increased its dividend in 1991 from an indicated annual rate of $1.24 to $1.30.
 "Enron's board of directors continues to be very confident of the corporation's long-term growth prospects and is very pleased to announce a dividend increase even larger than a year ago," said Kenneth L. Lay, chairman and CEO of Enron Corp.
 The board also declared a fourth quarter dividend on the $10.50 cumulative second preferred convertible stock payable Jan. 4, 1993 to stockholders of record as of Dec. 11, 1992. The quarterly dividend rate is $2.625 per share and remains unchanged from its previous level.
 Enron Corp., America's leading natural gas company with more than $13 billion in annual revenues and $10 billion in assets, operates the largest natural gas transmission system; is a leading purchaser and marketer of long-term natural gas supplies; markets natural gas liquids, crude oil and refined products nationally and worldwide; owns 80 percent of Enron Oil & Gas Company, one of the country's largest independent (non-integrated) natural gas exploration and production companies; and is one of the largest independent developers and producers of electricity in the United States and the United Kingdom, with extensive experience in combined heat and power installations. Enron Corp. is traded under the ticker symbol, "ENE."
 -0- 10/14/92
 /CONTACT: Diane Bazelides of Enron Corp., 713-853-6285/
 (ENE) CO: Enron Corp. ST: Texas IN: OIL SU: DIV


AH -- NY086 -- 0090 10/14/92 17:08 EDT
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Publication:PR Newswire
Date:Oct 14, 1992
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