Energy XXI Declares Regular Quarterly Dividends on Common and Preferred Shares
January 29 2015 - 8:01AM
Energy XXI (Nasdaq:EXXI) today announced its Board of Directors
declared a quarterly dividend of $0.01 per share of common stock.
The dividend is to be paid on March 13, 2015 to shareholders of
record on February 27, 2015. As of January 28, 2015, the
company had 94,388,409 shares of common stock outstanding. The
Board of Directors will determine future dividends for Energy XXI
common stock on a quarterly basis, with the amount dependent upon
earnings, financial condition, capital requirements and other
factors. The Board of Directors also declared a $1.8125 per share
quarterly dividend on its shares of 7.25% Convertible Perpetual
Preferred Stock, which have a face value of $100 per share, and a
$3.5156 per share quarterly dividend on its shares of 5.625%
Convertible Perpetual Preferred Stock, which have a face value of
$250 per share. Dividends on both issues will be paid in cash
on March 13, 2015 to the holders of record on February 27,
2015. The company currently has 3,000 shares of its 7.25%
Convertible Perpetual Preferred Stock outstanding and 812,759
shares of its 5.625% Convertible Perpetual Preferred Stock
outstanding.
About the Company Energy XXI is an
independent oil and natural gas exploration and production company
whose growth strategy emphasizes acquisitions, enhanced by its
value-added organic drilling program. The company's properties are
located in the U.S. Gulf of Mexico waters and the Gulf Coast
onshore. To learn more, visit the Energy XXI website at
www.EnergyXXI.com.
CONTACT: Greg Smith
Vice President, Investor Relations
713-351-3149
gsmith@energyxxi.com
Kim Pinyopusarerk
Manager, Investor Relations
713-351-3028
kpinyo@energyxxi.com