Rex Energy Changes Payment Method for Upcoming Dividend on Series A Preferred Shares
REX ENERGY (REXX)
Last rex energy earnings: 5/15 04:14 pm
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US:NASDAQ Investor Relations:
rexenergy.com/company-strategy.html
Company Research
Source: GlobeNewswire
STATE COLLEGE, Pa., May 02, 2017 (GLOBE NEWSWIRE) -- Rex Energy Corporation (Nasdaq:REXX) today announced that it has changed the form of payment for the previously announced quarterly dividend on its Series A convertible perpetual preferred stock (“Series A Preferred Stock”). Previously, on April 21, 2017, the company announced the declaration of a quarterly dividend of $150.00 per share on the Series A Preferred Stock (equivalent to $1.50 per depository share) payable on May 15, 2017 in shares of common stock to holders of record as of May 1, 2017. The company has now elected to pay the upcoming dividend in cash rather than in shares of common stock. As a result, on May 15, 2017, a cash dividend of $1.50 per depository share, each representing a 1/100th interest in a share of Series A Preferred Stock, will be paid to holders of record as of May 1, 2017. Forward-Looking Statements This release may contain forward-looking statements within the meaning of Section 27A of the Sec
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