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TEXACO INC. ANNOUNCES DIVIDEND RATE FOR FIRST QUARTER OF 1992 SERIES C VARIABLE RATE CUMULATIVE PREFERRED STOCK

     TEXACO INC. ANNOUNCES DIVIDEND RATE FOR FIRST QUARTER OF 1992
        SERIES C VARIABLE RATE CUMULATIVE PREFERRED STOCK
    WHITE PLAINS, N.Y., Dec. 16 /PRNewswire/ -- Texaco Inc. (NYSE: TX) announced today that the dividend rate on its Series C Preferred Stock for the period from Jan. 1, 1992, to March 31, 1992, will be 7.45 percent per annum.
    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, 10-year and 30-year), less 0.375 percent.
    -0-           12/16/91
    /CONTACT:  Margaret C. Flesher of Texaco, 914-253-6068/
    (TX) CO:  Texaco Inc. ST:  New York IN:  OIL SU:  DIV FC -- NY089 -- 2703 12/16/91 17:23 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Dec 16, 1991
Words:128
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