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SEITEL ANNOUNCES QUARTERLY CASH AND STOCK DIVIDENDS

 SEITEL ANNOUNCES QUARTERLY CASH AND STOCK DIVIDENDS
 HOUSTON, June 2 /PRNewswire/ -- Seitel, Inc. (NYSE: SEI, SEI.F), a


leading provider of seismic data, today announced that its regular quarterly cash dividend of 2.5 cents per share, and its regular quarterly stock dividend of 1 percent a share, will be paid July 8, 1992, to shareholders of record as of June 16. Fractional shares will be redeemed for cash in connection with payment of the stock dividend.
 "By continuing to pay both a stock and cash dividend on a quarterly basis, Seitel is able to offer shareholders an increasing dividend yield, while still being a growth-minded company," said Paul A. Frame, president.
 Seitel creates on a proprietary basis and markets from its library seismic data, geo-scientific information fundamental to the exploration and development of crude oil and natural gas. Up until now, the company has concentrated on high-resolution, two-dimensional seismic data onshore the Texas-Louisiana Gulf Coast. This year, Seitel is embarking on two major areas of expansion; entering the international arena and expanding into three-dimensional seismic data, which provide a more detailed depiction of the Earth's subsurface than along a two- dimensional plane.
 -0- 6/2/92
 /CONTACT: Jay M. Green of Seitel, 203-629-1400/
 (SEI) CO: Seitel Inc. ST: Texas IN: OIL SU: DIV


CK -- NY029 -- 6194 06/02/92 11:34 EDT
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Publication:PR Newswire
Date:Jun 2, 1992
Words:223
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