GreenHunter Resources, Inc. (NYSE MKT: GRH),
(the “Company”) announced today that it has declared a monthly cash dividend on the Company’s 10.0% Series C Cumulative Perpetual Preferred Stock (“Series C Preferred Stock”).
The dividend on the Series C Preferred Stock, which is for the month of September 2013, is payable on September 30, 2013, to holders of record at the close of business on September 19, 2013. The payment will be 10.0% annualized per share, which is equivalent to approximately $0.208 per share, based on the $25.00 per share liquidation preference of the Series C Preferred Stock.
About GreenHunter Resources, Inc.
GreenHunter Resources, Inc. is a diversified renewable energy company predominately focused on water resource management in the unconventional oil and natural gas shale resource plays. Through its wholly owned subsidiary, GreenHunter Water, LLC, the Company provides
Total Water Management Solutions™
in the oilfield. In addition to licensing of and joint ventures with manufacturers of mobile water treatment systems (
), GreenHunter Water is expanding capacity of salt water disposal facilities, next-generation modular above-ground storage tanks (
), advanced hauling and fresh water logistics services—including 21st Century tracking technologies (
) that allow Shale producers to optimize the efficiency of their water resource management and planning while complying with emerging regulations and reducing cost.
Additional information about GreenHunter Water may be found at
Any statements in this press release about future expectations and prospects for GreenHunter Resources and its business and other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the substantial capital expenditures required to fund its operations, the ability of the Company to implement its business plan, government regulation and competition. GreenHunter Resources undertakes no obligation to update these forward-looking statements in the future.