HOUSTON, Aug. 23, 2018 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (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 Oct. 1, 2018 to holders of record on Sept. 14, 2018. The Company has elected to pay 100 percent of the dividends on the Convertible Perpetual Preferred Stock in cash to the extent permitted by the certificate of designations for each series of the Convertible Perpetual Preferred Stock.
Sanchez Energy to Pay Dividends on Series A and Series B Convertible Perpetual Preferred Stock in Cash
Aug 23, 2018
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