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TENNECO BOARD DECLARES FIRST QUARTER DIVIDENDS

 HOUSTON, Jan. 11 /PRNewswire/ --Tenneco Inc. (NYSE: TGT) announced today that its board of directors has declared a regular first quarter dividend of 40 cents per share on its common stock. The dividend is payable on March 8 to stockholders of record at the close of business on Feb. 23.
 This will be the company's 186th consecutive quarterly common stock dividend payment.
 Tenneco's board also declared a quarterly dividend of $1.85 per share on its $7.40 cumulative preferred stock. The preferred stock dividend is payable on March 31 to holders of record at the close of business on Feb. 25.
 The board also declared a quarterly dividend of 70 cents per share on its $2.80 depositary shares, each of which represents one-half of a share of the company's Series A cumulative preferred stock, or PERCS. The dividend is payable on March 31 to shareholders of record at the close of business on Feb. 25.
 Tenneco is a Houston-based diversified industrial company with major business interests in natural gas transportation and marketing (Tenneco Gas), farm and construction equipment (Case Corporation), automotive parts (Tenneco Automotive), ship design, construction and repair (Newport News Shipbuilding), packaging (Packaging Corporation of America) and chemicals (Albright & Wilson).
 -0- 1/11/94
 /CONTACT: Lynda Whitley of Tenneco, 713-757-3778/
 (TGT)


CO: Tenneco Inc. ST: Texas IN: OIL SU: DIV

CB-GK -- NY046 -- 0957 01/11/94 13:16 EST
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Publication:PR Newswire
Date:Jan 11, 1994
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