Genie Energy Declares 2nd Quarter Dividend on Preferred Stock

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Genie Energy Declares 2ndQuarter Dividend on Preferred Stock

NEWARK, N.J.--(BUSINESS WIRE)-- Genie Energy Ltd., (NYSE: GNE, GNEPRA) said that today its Board of Directors has declared a dividend for the second quarter of 2013 of $0.1594 per share of its Series 2012-A Preferred Stock.

The dividend will be paid on August 15, 2013 to preferred stockholders of record as of the close of business on August 7, 2013. The ex-dividend date is August 5, 2013.


The distribution will be treated as a return of capital for tax purposes.

About Genie Energy Ltd.:

Genie Energy Ltd. (NYSE: GNE, GNEPRA) is comprised of IDT Energy and Genie Oil and Gas (GOGAS). IDT Energy is a retail energy provider supplying electricity and natural gas to residential and small business customers in the Northeastern United States. GOGAS is pioneering technologies to produce clean and affordable transportation fuels from the world's abundant oil shales and other fuel resources. GOGAS resource development projects include a conventional oil exploration program in Israel and in-situ oil shale projects in Colorado, Israel and Mongolia. For more information, visit www.genie.com.



Genie Energy Investor Relations
Bill Ulrey, 973-438-3848
invest@genie.com

KEYWORDS:   United States  North America  New Jersey

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