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THE COASTAL CORPORATION DECLARES QUARTERLY DIVIDENDS ON COMMON, CLASS A COMMON AND PREFERRED STOCK

 THE COASTAL CORPORATION DECLARES QUARTERLY DIVIDENDS
 ON COMMON, CLASS A COMMON AND PREFERRED STOCK
 HOUSTON, Nov. 5 /PRNewswire/ -- The board of directors of the Coastal Corporation (NYSE: SGP) today declared quarterly cash dividends on the company's outstanding common stock, Class A common stock and publicly held preferred stock and set Nov. 30, 1992, as the record date for determining holders entitled to receive the payments on these issues. Payments are scheduled as follows:
 Classes of Stock Quarterly Amount Payment Date
 per Share
 Common 10 cents Jan. 1, 1993
 Class A common 9 cents Jan. 1, 1993
 $1.19 Series A
 convertible preferred 29-3/4 cents Dec. 15, 1992
 $1.83 Series B
 convertible preferred 45-3/4 cents Dec. 15, 1992
 -0- 11/5/92
 /CONTACT: Dave Scott, 713-877-3839, or Will Osterloh, 713-877-6732, both of Coastal/
 (CGP ) CO: The Coastal Corporation ST: Texas IN: OIL SU: DIV


GK-LR -- NY107 -- 7790 11/05/92 14:11 EST
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Publication:PR Newswire
Date:Nov 5, 1992
Words:155
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