Penn Virginia Corporation Declares Dividends on Series A and Series B Preferred Depositary Shares

RADNOR, Pa., June 19, 2015 (GLOBE NEWSWIRE) -- The Board of Directors of Penn Virginia Corp. (NYSE:PVA) has declared a regular quarterly cash dividend of $150.00 per share on its 6.00 percent Series A convertible preferred stock. As a result, on July 15, 2015, a dividend of $1.50 per depositary share, each representing a 1/100^th interest in a share of the Series A convertible preferred stock, will be paid to holders of record at the close of business on July 1, 2015.

In addition, the Board of Directors of PVA has declared a cash dividend of $150.00 per share on its 6.00 percent Series B convertible preferred stock. As a result, on July 15, 2015, a dividend of $1.50 per depositary share, each representing a 1/100^th interest in a share of the Series B convertible preferred stock, will be paid to holders of record at the close of business on July 1, 2015.

Penn Virginia Corp. (NYSE:PVA) is an independent oil and gas company engaged in the exploration, development and production of oil, natural gas liquids and natural gas in various domestic onshore regions of the United States, with a primary focus in the Eagle Ford Shale in south Texas. For more information, please visit our website at www.pennvirginia.com.

CONTACT: James W. Dean
         Vice President, Corporate Development
         Ph: (610) 687-7531 Fax: (610) 687-3688
         E-Mail: invest@pennvirginia.com