Penn Virginia Corporation Declares Dividend

RADNOR, Pa., Oct 29, 2009 (BUSINESS WIRE) -- Penn Virginia Corporation (NYSE: PVA) announced today that its Board of Directors declared a regular quarterly dividend of $0.05625 per share payable November 19, 2009 to shareholders of record at the close of business on November 10, 2009. This will be the Company's 451st consecutive quarterly dividend payment.

Penn Virginia Corporation (NYSE: PVA) is an independent natural gas and oil company focused on the exploration, acquisition, development and production of reserves in onshore regions of the U.S., including the East Texas, Mississippi, the Mid-Continent region and the Appalachian Basin. PVA also owns approximately 51 percent of Penn Virginia GP Holdings, L.P. (NYSE: PVG), the owner of the general partner and the largest unit holder of Penn Virginia Resource Partners, L.P. (NYSE: PVR), a manager of coal and natural resource properties and related assets and the operator of a midstream natural gas gathering and processing business.

For more information, please visit PVA's website at www.pennvirginia.com.

SOURCE: Penn Virginia Corporation CONTACT: Penn Virginia Corporation James W. Dean Vice President, Investor Relations Ph: [phone] Fax: [phone] E-Mail: [e-mail] Copyright Business Wire 2009 -0- KEYWORD: United States

North America

Pennsylvania INDUSTRY KEYWORD: Energy

Coal

Oil/Gas

Utilities

Other Energy

Natural Resources

Mining/Minerals

Other Natural Resources SUBJECT CODE: Dividend