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

RADNOR, Pa., March 20, 2015 (GLOBE NEWSWIRE) -- The Board of Directors of Penn Virginia Corporation 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 April 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 April 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 April 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 April 1, 2015.

Penn Virginia Corporation 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.