Energen Board Increases Cash Dividend 3.7 Percent

The Board of Directors of Energen Corporation

today increased the quarterly cash dividend 3.7 percent to 14 cents per share. This marks the 30th consecutive year that Energen's cash dividend has been increased. On an annualized basis, the company's new dividend rate is 56 cents per share. The dividend is payable March 1, 2012, to shareholders of record on February 15, 2012.