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TEXACO ANNOUNCES DIVIDEND RATE FOR SECOND QUARTER OF 1992 SERIES C VARIABLE RATE CUMULATIVE PREFERRED STOCK

 TEXACO ANNOUNCES DIVIDEND RATE FOR SECOND QUARTER OF 1992 SERIES C
 VARIABLE RATE CUMULATIVE PREFERRED STOCK
 WHITE PLAINS, N.Y., March 18 /PRNewswire/ -- Texaco Inc. (NYSE: TX) announced today that the quarterly dividend rate on its Series C preferred stock for the period from April 1, 1992, to June 30, 1992, will be 7.60 percent.
 The Series C preferred stock incorporates a variable dividend rate which is reset quarterly. The dividend rate is based upon the highest prevailing yields of the three U.S. Treasury maturities (three-month, ten-year and 30-year), less 0.375 percent.
 -0- 3/18/92
 /CONTACT: Margaret C. Flesher of Texaco, 914-253-6068/
 (TX) CO: Texaco Inc. ST: New York IN: OIL SU: DIV


GK -- NY045 -- 9215 03/18/92 11:54 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 18, 1992
Words:126
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