Jones Energy, Inc. Declares Prorated Convertible Preferred Stock Dividend and Schedules 2016 Third Quarter Earnings Conference Call
AUSTIN, Texas, Oct. 18, 2016 (GLOBE NEWSWIRE) -- Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or “the Company”) today announced that its Board of Directors has declared a prorated quarterly cash dividend per share equal to 8.0% based on the liquidation preference of $50.00 per share on an annualized basis, or approximately $0.8777778 per share, on the Company’s 8.0% Series A Perpetual Convertible Preferred Stock. This dividend is prorated for the period beginning on the issue date of August 26, 2016 through November 14, 2016 and will be payable in cash on November 15, 2016 to shareholders of record as of November 1, 2016.
The Company also announced today that it plans to release its third quarter 2016 financial and operating results on Wednesday, November 2, 2016 after the market closes. In connection with the earnings release, Jones Energy will host a conference call for investors and analysts to discuss its results on Thursday, November 3, 2016 at 10:30 a.m. ET (9:30 a.m. CT). The conference call can be accessed via webcast through the Investor Relations section of Jones Energy’s website, www.jonesenergy.com, or by dialing (866) 393-4306 (for domestic U.S.) or (734) 385-2616 (International) and entering conference code 99639309.
If you are not able to participate in the conference call, the webcast replay and a downloadable audio file will be available shortly following the call through the Investor Relations section of the Company’s website, www.jonesenergy.com.
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 and Arkoma basins of Texas and Oklahoma. Additional information about Jones Energy may be found on the Company’s website at: www.jonesenergy.com.
Investor Contact: Cathleen King, 512-493-4834 Investor Relations Or Robert Brooks, 512-328-2953 Executive Vice President & CFO
/EIN News/ --