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Escalera Resources Reports Cash Dividend on its Series A Cumulative Preferred Stock

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DENVER and HOUSTON, Dec. 8, 2014 /PRNewswire/ -- Escalera Resources Co. (NASDAQ: ESCR) reported today that its Board of Directors declared a cash dividend on its 9.25% Series A Cumulative Preferred Stock ("Series A Preferred Stock") in the amount of $0.578125 per share, payable on December 31, 2014 to stockholders of record as of December 19, 2014.  The Series A Preferred Stock was issued on July 5, 2007 and trades on the NASDAQ Capital Market under the symbol "ESCRP."

About Escalera Resources Co.

Escalera Resources Co. ("Escalera") is headquartered in Denver, CO, with executive offices in Houston, TX and a regional office in Casper, WY. Escalera explores, develops and transports natural gas in the U.S.  Escalera is seeking strategic acquisitions of abundant, low cost natural gas assets that are currently undervalued or underutilized; and identifying alternative ways to enhance the value of its dry natural gas reserves.

Company Contact:
William A. Sidwell, III
VP Corporate Strategy/IR
(832) 941-0565
www.escaleraresources.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/escalera-resources-reports-cash-dividend-on-its-series-a-cumulative-preferred-stock-300006367.html

SOURCE Escalera Resources Co.

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