Gastar Exploration Ltd. (NYSE: GST) reported that Gastar Exploration USA Inc., its wholly owned subsidiary, has declared a monthly cash dividend on its 8.625% series A preferred stock for October.

The dividend on the series A preferred stock is payable on Oct. 31 to holders of record at the close of business on Oct. 15. The October dividend payment will be an annualized 8.625% per share, which is equivalent to $0.179688 per share, based on the $25 per share liquidation preference of the series A preferred stock. The series A preferred stock is currently listed on the New York Stock Exchange and trades under the ticker symbol "GST.PRA."

Gastar Exploration Ltd. is an independent energy company engaged in the exploration, development, and production of natural gas, condensate, oil, and NGLs in the U.S. The company is based in Houston.