HOUSTON, Sept. 21, 2016 /PRNewswire/ -- Southwestern
Energy Company (NYSE: SWN) today announced that an authorized
committee of its Board of Directors declared a quarterly dividend
of $15.625 per share on its 6.25%
Series B Mandatory Convertible Preferred Stock, payable on
October 17, 2016, to holders of
record on October 1, 2016. This
equates to $0.78125 for each
depositary share, which represents a 1/20th interest in
a share of the Series B preferred stock. The dividend is for
the period beginning on July 15, 2016
and ending on October 14, 2016.
The company has elected to pay this dividend in shares of common
stock of the company to the extent permitted by the certificate of
designations for the Series B preferred stock. Common shares issued
will be listed and tradable on the New York Stock Exchange.
Southwestern Energy Company is an independent energy company
whose wholly-owned subsidiaries are engaged in natural gas and oil
exploration, development and production, natural gas gathering and
marketing. Additional information on the company can be found on
the Internet at http://www.swn.com.
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SOURCE Southwestern Energy Company