Penn Virginia Corporation Declares Dividend on Preferred Depositary Shares
RADNOR, Pa.--(BUSINESS WIRE)-- The Board of Directors of Penn Virginia Corporation (NYS: PVA) has declared a regular quarterly cash dividend of $146.67 per share on its 6.00 percent Series A convertible preferred stock. As a result, on January 15, 2013, a dividend of $1.4667 per depositary share, each representing a 1/100th interest in a share of the Series A convertible preferred stock, will be paid to holders of record at the close of business on January 1, 2013.
This dividend reflects the pro rata portion of the PVA's regular quarterly cash dividend of $150.00 per share on its 6.00 percent Series A convertible preferred stock ($1.50 per depositary share), representing the period from October 17, 2012 (the original issue date) through January 14, 2013.
Penn Virginia Corporation (NYS: PVA) is an independent oil and gas company engaged primarily in the development, exploration and production of natural gas and oil in various domestic onshore regions including Texas, Oklahoma, Mississippi and Pennsylvania.For more information, please visit our website atwww.pennvirginia.com.
Penn Virginia Corporation
James W. Dean
Vice President, Corporate Development
KEYWORDS: United States North America Pennsylvania
The article Penn Virginia Corporation Declares Dividend on Preferred Depositary Shares originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.