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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Stewart Whitman who wrote (6071)	2/19/1999 7:17:00 PM
From: goldsnow	Read Replies (3) \| Respond to of 78522

right.. PENNZENERGY CO (PZE) SETS INITIAL DIV OF $0.0625/SHR HOUSTON, Feb 17 (Reuters) - Oil producer PennzEnergy Co. said Wednesday that its board has declared an initial quarterly dividend of $0.0625 per share on its common stock. The company said that the dividend is payable March 15 to shareholders of record on Feb. 28. PennzEnergy said it is the first dividend paid since PennzEnergy became a stand-alone exploration and production company at the end of 1998. PennzEnergy was created through a spin-off from the former Pennzoil Co. when Pennzoil merged with Quaker State Corp. to form Pennzoil-Quaker State Corp. (PZL). PennzEnergy shares closed down 9/16 Wednesday at a new 12-month low of 9-13/16 on the New York Stock Exchange. Its 12-month high is 70-3/4. ((New York Newsdesk (212) 859-1700))