Rex Energy Declares Dividend on Series A Preferred Depository 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., Jan. 19, 2018 (GLOBE NEWSWIRE) -- Rex Energy Corporation (the “Company”) (NASDAQ:REXX) today announced that the Board of Directors of Rex Energy Corporation has declared a quarterly dividend of $150.00 per share of its 6.0% Series A convertible perpetual preferred stock (the “Preferred Stock”). As a result, on February 15, 2018, a dividend of $1.50 per depository share, each representing a 1/100th interest in a share of Preferred Stock, will be paid to holders of record at the close of business on February 1, 2018. The Company intends to pay the dividend by delivery of shares of the Company’s common stock, with the number of shares delivered to be calculated in accordance with the terms of the Certificate of Designations of the Preferred Stock. The dividend payment will apply to the earliest dividend period for which dividends have accrued and are unpaid. Forward-Looking Statements This release may contain forward-looking statements within the meaning of Sec
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