Penn Virginia Corporation Declares Dividend On Preferred Depositary Shares

The Board of Directors of Penn Virginia Corporation (NYSE: PVA) has declared a regular quarterly cash dividend of $150.00 per share on its 6.00 percent Series A convertible preferred stock. As a result, on April 15, 2013, a dividend of $1.50 per depositary share, each representing a 1/100 th interest in a share of the Series A convertible preferred stock, will be paid to holders of record at the close of business on April 1, 2013.

Penn Virginia Corporation (NYSE: PVA) is an independent oil and gas company engaged primarily in the development, exploration and production of natural gas and oil in various domestic onshore regions including Texas, Oklahoma, Mississippi and Pennsylvania. For more information, please visit our website at www.pennvirginia.com .

Copyright Business Wire 2010

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