WEATHERFORD <WII> SUSPENDS PREFERRED PAYOUTS
Weatherford International said it
suspended indefinitely payment of its regular quarterly
dividend of 65.6 cts per share on its 2.625 convertible
exchangeable cumulative preferred stock.
    Weatherford said this will be the sixth non-payment of the
dividend on the stock. It said payment would have been on April
15, 1987.
    Weatherford also said the holders of the preferred stock
will have the right to elect two additional directors to the
board of directors.
 Reuter
