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Sanchez Energy Corp.
Sanchez Energy Corp.
Registriert in: USA WKN: A1JRS0 Rohstoffe:
Art: Originalaktie ISIN: US79970Y1055 Rohöl
Erdgas
Heimatbörse: OTC Alternativ:
Währung: USD    
Symbol: SNECQ Forum:

Sanchez Energy to Pay Dividends on Series A and Series B Convertible Perpetual Preferred Stock in Common Stock

21.11.2016 | 12:50 Uhr | GlobeNewswire

HOUSTON, Nov. 21, 2016 (GLOBE NEWSWIRE) -- Sanchez Energy Corp. (NYSE:SN) (“Sanchez Energy” or the “Company”) today announced that the Board of Directors has declared a quarterly dividend of $0.609375 per share on its 4.875% Convertible Perpetual Preferred Stock, Series A and $0.812500 per share on its 6.500% Convertible Perpetual Preferred Stock, Series B (together, the “Convertible Perpetual Preferred Stock”). The quarterly dividends on the Convertible Perpetual Preferred Stock will be payable on Jan. 3, 2017 to holders of record on Dec. 15, 2016. The Company has elected to pay 100% of the dividends on the Convertible Perpetual Preferred Stock in shares of common stock of the Company to the extent permitted by the certificate of designations for each series of the Convertible Perpetual Preferred Stock. The common shares issued as dividends on the Convertible Perpetual Preferred Stock will be listed and tradable on the New York Stock Exchange.

ABOUT SANCHEZ ENERGY CORPORATION
Sanchez Energy Corp. is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast, with a current focus on the horizontal development of significant resource potential from the Eagle Ford Shale in South Texas, where we have assembled over 200,000 net acres, and the Tuscaloosa Marine Shale. For more information about Sanchez Energy Corporation, please visit our website: www.sanchezenergycorp.com.


COMPANY CONTACT:
Howard J. Thill
EVP & Chief Financial Officer
(713) 783-8000

General Inquiries: (713) 783-8000
www.sanchezenergycorp.com
 
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