Hallador Energy Company Declares Special Dividend of $0.12 Per Share & Will Also Participate in a Non-Deal Road Show Sponsore...
May 25 2011 - 11:45AM
Business Wire
The board of directors of Hallador Energy Company (NASDAQ: HNRG)
today declared a special cash dividend on its common stock of $0.12
per share of which there are 28,135,620 outstanding. The dividend
is payable on June 17, 2011 to holders of record on June 3,
2011.
The $0.12 dividend also applies to the 858,000 outstanding
restricted stock units and to the 200,000 outstanding stock
options. The total cash payment for all the outstanding securities
will be about $3.5 million.
“As we said last year at this time when we paid a special ten
cent dividend, we are very proud and excited to again be in strong
financial shape to pay a special dividend and to also increase it
by 20%,” said Andy Bishop, CFO. We expect the dividend to be
treated as a qualified dividend for income tax purpose for the
recipient. Next spring we will evaluate our cash position and
funding requirements and decide if we can pay another
dividend.”
During the week of June 13, 2011 we will be on the road giving
presentations primarily to institutional investors in Baltimore,
New York City, Boston and Chicago. We plan to file a copy of the
presentation materials with the SEC on Friday, June 10 and to post
such on our website. FBR Capital Markets & Co. is the main
sponsor of the non-deal road show.
Through our wholly owned subsidiary, Sunrise Coal, we operate an
underground coal mine in Southwest Indiana.
For more information, please visit both of our websites,
www.halladorenergy.com or www.sunrisecoal.com.
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