Magnum Hunter Resources Declares Monthly Cash Dividend on Series C Preferred Stock and Series D Preferred Stock
(firmenpresse) - HOUSTON, TX -- (Marketwire) -- 08/01/12 -- Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (the "Company") announced today that it has declared a monthly cash dividend on the Company's 10.25% Series C Cumulative Perpetual Preferred Stock ("Series C Preferred Stock") and a monthly cash dividend on the Company's 8.0% Series D Cumulative Preferred Stock ("Series D Preferred Stock").
The dividend on the Series C Preferred Stock, which is for the month of August 2012, is payable on August 31, 2012, to holders of record at the close of business on August 15, 2012. The payment will be an annualized 10.25% per share, which is equivalent to approximately $0.2135 per share, based on the $25.00 per share liquidation preference of the Series C Preferred Stock. The Series C Preferred Stock is listed on the NYSE MKT and trades under the ticker symbol "MHR.PRC".
The dividend on the Series D Preferred Stock, which is for the month of August 2012, is payable on August 31, 2012, to holders of record at the close of business on August 15, 2012. The payment will be an annualized 8.0% per share, which is equivalent to approximately $0.3333 per share, based on the $50.00 per share liquidation preference of the Series D Preferred Stock. The Series D Preferred Stock is listed on the NYSE MKT and trades under the ticker symbol "MHR.PRD".
Magnum Hunter Resources Corporation is an independent exploration and production company engaged in the acquisition, development and production of crude oil, natural gas and natural gas liquids, primarily in West Virginia, Kentucky, Ohio, Texas, North Dakota and Saskatchewan, Canada. The Company is active in four of the most prolific unconventional shale resource plays in North America, namely the Marcellus Shale, Utica Shale, Eagle Ford Shale and Williston Basin/Bakken Shale. Magnum Hunter Resources is based in Houston, Texas. For more information, visit .
Gabe Scott
Vice President - Capital Markets and Corporate Development
(832) 203-4539
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Datum: 01.08.2012 - 12:35 Uhr
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News-ID 170658
Anzahl Zeichen: 3441
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HOUSTON, TX
Kategorie:
Oil & Gas
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