SM Energy Board Declares Semi-Annual Cash Dividend
October 15 2010 - 8:00AM
Business Wire
SM Energy Company (NYSE: SM) today announces that its Board of
Directors has declared a semi-annual cash dividend of $0.05 per
share of common stock. The dividend will be paid on November 8,
2010, to stockholders of record as of the close of business October
29, 2010. SM Energy currently has approximately 63.0 million shares
of common stock outstanding.
SM Energy has paid cash dividends to stockholders every year
since 1940. Company management plans to continue making semi-annual
dividend payments at the rate of $0.05 per share for the
foreseeable future, subject to future earnings, capital
requirements, financial condition, credit facility covenants, and
other factors.
INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements within the
meaning of securities laws, including plans for future periods. The
words “will” and “plans” and similar expressions are intended to
identify forward-looking statements. These statements involve known
and unknown risks, which may cause SM Energy’s actual results to
differ materially from results expressed or implied by the
forward-looking statements. These risks include such factors as the
volatility and level of oil and natural gas prices, and other such
matters discussed in the “Risk Factors” section of SM Energy’s 2009
Annual Report on Form 10-K filed with the SEC. Although SM Energy
may from time to time voluntarily update its prior forward-looking
statements, it disclaims any commitment to do so except as required
by securities laws.
ABOUT THE COMPANY
SM Energy Company, formerly named St. Mary Land &
Exploration Company, is an independent energy company engaged in
the exploration, exploitation, development, acquisition, and
production of natural gas and crude oil. SM Energy routinely
posts important information about the Company on its website. For
more information about SM Energy, please visit its website at
sm-energy.com.
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