PR Newswire
HOUSTON, Sept. 21, 2016
HOUSTON, Sept. 21, 2016 /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
October 17, 2016, to holders of record on October 1, 2016. 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 July 15,
2016 and ending on October 14, 2016.
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