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Tenneco Board Declares Second Quarter Dividend

11 May 1999

Tenneco Board Declares Second Quarter Dividend

    GREENWICH, Conn.--May 11, 1999--Tenneco announced today that its board of directors has declared a regular second quarter dividend of 30 cents per share on its common stock. The dividend is payable on June 8, 1999 to shareowners of record at the close of business on May 24, 1999.
    Until the separation of its businesses, Tenneco is a $6 billion manufacturing company headquartered in Greenwich, Conn., with 40,000 employees worldwide. Tenneco Automotive is one of the world's largest producers and marketers of ride control and exhaust management systems and products, which are sold under the Monroe(R) and Walker(R) global brand names. Among its products are Sensa-Trac(R) shocks and struts, Rancho(R) shock absorbers, Walker(R) Quiet-Flow(tm) mufflers and DynoMax(tm) performance exhaust products, and Monroe(R) Clevite(tm) vibration control components. Tenneco Packaging is among the world's leading and most diversified packaging companies. Among its products are Hefty(R) trash bags, Hefty OneZip(R) and Baggies(R) food storage bags, E-Z Foil(R) single-use aluminum cookware and Hexacomb(R) paper honeycomb products.