Jones Energy, Inc. Declares Convertible Preferred Stock Dividend
AUSTIN, Texas, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or “the Company”) today announced that its Board of Directors has declared a quarterly dividend per share equal to 8.0% on an annualized basis based on the liquidation preference of $50.00 per share, or $1.00 per share, on the Company’s 8.0% Series A Perpetual Convertible Preferred Stock. The dividend will be paid in the Company’s Class A common stock. The price per share of the Class A common stock used to determine the number of shares to be issued will be equal to 95% of the average volume-weighted average price per share for each day during the 5-consecutive day trading period ending immediately prior to the payment date. This dividend is for the period beginning on the last payment date of November 15, 2017 through February 14, 2018 and will be payable on February 15, 2018 to shareholders of record as of February 1, 2018.
About Jones Energy
Jones Energy, Inc. is an independent oil and natural gas company engaged in the development and acquisition of oil and natural gas properties in the Anadarko basin of Texas and Oklahoma. Additional information about Jones Energy may be found on the Company’s website at: www.jonesenergy.com.
Investor Contact:
Page Portas, 512-493-4834
Investor Relations Associate
Or
Robert Brooks, 512-328-2953
Executive Vice President & CFO
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