Energy XXI Declares Quarterly Stock Dividends
Bermuda-based Energy XXI Board of Directors have today [May 14] declared a $1.8125 per share quarterly dividend on its shares of 7.25% Convertible Perpetual Preferred Stock, which have a face value of $100 per share, and a $3.5156 per share quarterly dividend on its shares of 5.625% Convertible Perpetual Preferred Stock, which have a face value of $250 per share.
Dividends on both issues will be paid in cash on June 15, 2012 to the holders of record on June 1, 2012. The company currently has 8,000 shares of its 7.25% Convertible Perpetual Preferred Stock outstanding and 814,220 shares of its 5.625% Convertible Perpetual Preferred Stock outstanding.
