SM Energy Company (NYSE: SM) today announces that its Board of Directors
has approved a semi-annual cash dividend of $0.05 per share of common
stock outstanding. The dividend will be paid on November 5, 2014, to
stockholders of record as of the close of business on October 24, 2014.
The Company currently has approximately 67.4 million shares of common
stock outstanding.
The Company has paid cash dividends to its stockholders every year since
1940. The Board of Directors plans to continue making semi-annual
dividend payments at the rate of $0.05 per share for the foreseeable
future, subject in its sole discretion to future earnings, capital
requirements, financial condition, contractual obligations, and other
factors.
ABOUT THE COMPANY
SM Energy Company is an independent energy company engaged in the
acquisition, exploration, development, and production of crude oil,
natural gas, and natural gas liquids in onshore North America. SM Energy
routinely posts important information about the Company on its website.
For more information about SM Energy, please visit its website at www.sm-energy.com.
Copyright Business Wire 2014