Sanchez Energy to make dividend payments on convertibles in stock

By Wendy Van Sickle

Columbus, Ohio, May 23 – Sanchez Energy Corp. will make the next dividend payment on its convertible perpetual preferred stock in common stock, according to a company news release.

The company’s board of directors 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 6.5% convertible perpetual preferred stock, series B.

The quarterly dividends will be payable on July 3 to holders of record on June 15.

Sanchez Energy is an oil and natural gas exploration and production company based in Houston.

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