HOUSTON, March 21, 2017 /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
April 17, 2017, to holders of record
on April 1, 2017. 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 January 15, 2017 and
ending on April 14, 2017.
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