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TENNECO REPORTS SECOND QUARTER DIVIDEND

 TENNECO REPORTS SECOND QUARTER DIVIDEND
 HOUSTON, May 12 /PRNewswire/ -- Tenneco Inc. (NYSE: TGT) today


announced that its board of directors declared a regular second quarter dividend of 40 cents per share on its common stock. The dividend is payable on June 9 to stockholders of record at the close of business on May 26.
 This will be the company's 179th consecutive quarterly common stock dividend payment.
 Tenneco's board also declared a regular quarterly dividend of 70 cents per share on the $2.80 depositary shares, each of which represents one-half of a share of Series A cumulative preferred stock, or PERCS. The dividend is payable on June 30 to holders of record on May 29.
 The company said that the board also declared a regular quarterly dividend of $1.85 per share on its $7.40 cumulative preferred stock. The preferred stock dividend is payable on June 30 to holders of record at the close of business on May 29.
 Tenneco Inc. is a Houston-based, diversified industrial corporation with major business interests in natural gas pipelines, farm and construction equipment, automotive parts, shipbuilding, packaging, and chemicals.
 -0- 5/12/92
 /NOTE TO EDITORS: The 1992 first quarter dividend on the $2.80 depositary shares, or PERCS, was 75.5 cents because the dividend included amounts accrued for an additional seven days, from the date of issue through the beginning of the quarter. The regular quarterly dividend on the $2.80 depositary shares is 70 cents./
 /CONTACT: Christine LeLaurin of Tenneco, 713-757-2761/
 (TGT) CO: Tenneco Inc. ST: Texas IN: OIL SU: DIV


SM -- NY109 -- 9373 05/12/92 17:28 EDT
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Publication:PR Newswire
Date:May 12, 1992
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