Sanchez Energy to Pay Dividends on Series A and Series B Convertible Perpetual Preferred Stock in Common Stock
November 19 2018 - 5:00PM
Sanchez Energy Corporation (NYSE: SN) today announced that the
Board of Directors has declared a quarterly dividend of $0.609375
per share on its 4.875% Convertible Perpetual Preferred Stock,
Series A and $0.812500 per share on its 6.500% Convertible
Perpetual Preferred Stock, Series B (together, the “Convertible
Perpetual Preferred Stock”). The quarterly dividends on the
Convertible Perpetual Preferred Stock will be payable on Jan. 2,
2019 to holders of record on Dec. 14, 2018. The company has
elected to pay 100% of the dividends on the Convertible Perpetual
Preferred Stock in shares of common stock of the company to the
extent permitted by the certificate of designations for each series
of the Convertible Perpetual Preferred Stock. The common
shares issued as dividends on the Convertible Perpetual Preferred
Stock will be listed and tradable on the New York Stock
Exchange.
ABOUT SANCHEZ ENERGY
CORPORATIONSanchez Energy Corporation (NYSE: SN) is an
independent exploration and production company focused on the
acquisition and development of U.S. onshore unconventional oil and
natural gas resources, with a current focus on the Eagle Ford Shale
in South Texas. For more information about Sanchez Energy
Corporation, please visit our website:
www.sanchezenergycorp.com.
COMPANY CONTACT:Kevin SmithVP
Investor Relations(281) 925-4828
Cham KingInvestor Relations & Capital
Markets(713) 756-2797
General Inquiries: (713)
783-8000www.sanchezenergycorp.com