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

 HOUSTON, Nov. 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 Nov. 30, 1993, as the record date for determining holders entitled to receive the payments on these issues.
 This current quarterly cash dividend represents Coastal's 67th consecutive dividend payment since dividends began July 1, 1977.
 Payments are scheduled as follows:
 Amount Payment
 Classes of Stock Per Share Date
 Common 10 cents Jan. 1, 1994
 Class A Common 9 cents Jan. 1, 1994
 $1.19 Series A
 Convertible Preferred 29.75 cents Dec. 15, 1993
 $1.83 Series B
 Convertible Preferred 45.75 cents Dec. 15, 1993
 $2.125 Series H
 Preferred 53.125 cents Dec. 15, 1993
 The Coastal Corporation is a Houston-based holding company. Coastal has consolidated assets of more than $10 billion and subsidiary operations in natural gas marketing, transmission and storage, oil and gas exploration and production, petroleum refining and marketing, coal, chemicals, trucking and independent power production.
 -0- 11/4/93
 /CONTACT: Steve Eames, 713-877-6733, or Will Osterloh, 713-877-6732, both of The Coastal Corporation/
 (CGP)


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

WB -- NY062 -- 0721 11/04/93 12:21 EST
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Publication:PR Newswire
Date:Nov 4, 1993
Words:213
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