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

 HOUSTON, Feb. 4 /PRNewswire/ -- The board of directors of The Coastal Corporation (NYSE: CGP) today declared quarterly cash dividends on the company's outstanding common stock, Class A common stock and publicly held preferred stock and set Feb. 26, 1993, 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 Per Share Payment Date
 Common 10 cents April 1, 1993
 Class A Common 9 cents April 1, 1993
 $1.19 Series A
 Convertible Preferred 29-3/4 cents March 15, 1993
 $1.83 Series B
 Convertible Preferred 45-3/4 cents March 15, 1993
 -0- 2/4/93
 /CONTACT: Dave Scott, 713-877-3839, or Will Osterloh, 713-877-6732, both of the Coastal Corporation/
 (CGP)


CO: Coastal Corporation ST: Texas IN: OIL SU: DIV

KD-LD -- NY127 -- 3229 02/04/93 17:23 EST
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Publication:PR Newswire
Date:Feb 4, 1993
Words:142
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