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KCS ENERGY SETS TWO-FOR-ONE STOCK SPLIT; DIVIDEND RATE TO BE REVIEWED AT SEPTEMBER BOARD MEETING

 EDISON, N.J., July 29 /PRNewswire/ -- The board of directors of KCS Energy, Inc., (NYSE: KCS) today approved a two-for-one stock split and announced it would review the dividend rate at their regular dividend meeting on Oct. 7.
 The stock split, which will increase the number of outstanding shares to approximately 11,800,000, will be effective Aug. 31 to shareholders of record Aug. 16. KCS currently pays a quarterly dividend of $0.02 per share.
 "The stock split and the dividend review reflect our significant earnings growth, the continued favorable outlook and the market valuation of our shares," James W. Christmas, president and chief executive officer, said. Earlier today KCS Energy reported a sixfold increase in third quarter earnings, to $4,101,000 or 71 cents per share, compared to $682,000 or 12 cents per share in the same quarter in 1992.
 KCS Energy has been one of the best performing energy stocks, having risen nearly 70 percent since listing on the New York Stock Exchange on March 1, 1993, and more than doubling since Jan. 1, 1993. In 1992, KCS Energy was the top performing energy stock, according to Bloomberg Business News.
 KCS Energy is engaged in oil and gas exploration and production, natural gas transportation, natural gas marketing and energy services with operations in Texas, Louisiana, Mississippi, New York, New Jersey, Virginia and Pennsylvania.
 -0- 7/29/93
 /CONTACT: Henry A. Jurand of KCS Energy, Inc., 908-632-1770, or Cindy Knoebel of Financial Relations Board, 212-661-8030/
 (KCS)


CO: KCS Energy, Inc. ST: New Jersey IN: OIL SU:

WB-OS -- NY069 -- 7238 07/29/93 13:15 EDT
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Publication:PR Newswire
Date:Jul 29, 1993
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