Gastar Exploration USA Inc., the wholly owned subsidiary of Gastar Exploration Ltd. (NYSE: GST), declared a monthly cash dividend on its 8.625% series A preferred stock for September.
The dividend on the preferred stock is payable on Sept. 30 to holders of record at the close of business on Sept. 13. The September 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 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.
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