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

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RADNOR, Pa., Sept. 19, 2014 (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 October 15, 2014, a dividend of $1.50 per depositary share, each representing a 1/100th interest in a share of the Series A convertible preferred stock, will be paid to holders of record at the close of business on October 1, 2014.

In addition, the Board of Directors of PVA has declared a cash dividend of $198.33 per share on its 6.00 percent Series B convertible preferred stock, which is the dividend payable from the original issue date of June 16, 2014 through September 30, 2014. As a result, on October 15, 2014, a dividend of $1.9833 per depositary share, each representing a 1/100th interest in a share of the Series B convertible preferred stock, will be paid to holders of record at the close of business on October 1, 2014.

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 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

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Posted In: Press Releases
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