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Penn Virginia Corporation Declares Dividends on Series A and Series B Preferred Depositary Shares

RADNOR, Pa., Sept. 19, 2014 (GLOBE NEWSWIRE) -- The Board of Directors of Penn Virginia Corporation (NYSE:PVA) has declared a regular quarterly cash dividend of $150.00 per share on its 6.00 percent Series A convertible preferred stock. As a result, on October 15, 2014, a dividend of $1.50 per depositary share, each representing a 1/100th interest in a share of the Series A convertible preferred stock, will be paid to holders of record at the close of business on October 1, 2014.

In addition, the Board of Directors of PVA has declared a cash dividend of $198.33 per share on its 6.00 percent Series B convertible preferred stock, which is the dividend payable from the original issue date of June 16, 2014 through September 30, 2014. As a result, on October 15, 2014, a dividend of $1.9833 per depositary share, each representing a 1/100th interest in a share of the Series B convertible preferred stock, will be paid to holders of record at the close of business on October 1, 2014.

Penn Virginia Corporation (NYSE:PVA) is an independent oil and gas company engaged in the exploration, development and production of oil, natural gas liquids and natural gas in various domestic onshore regions of the United States, with a primary focus in Texas. For more information, please visit our website at www.pennvirginia.com.

CONTACT: James W. Dean Vice President, Corporate Development Ph: (610) 687-7531 Fax: (610) 687-3688 E-Mail: invest@pennvirginia.com

Source:Penn Virginia Corporation