WEATHERFORD &lt;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.
  

