St. Mary Board Declares Semi-Annual Cash Dividend
Business Wire
Oct 16, 2009
St. Mary Land & Exploration Company (NYSE: SM) today announces that its
Board of Directors has declared a semi-annual cash dividend of $0.05 per
share of common stock. The dividend will be paid November 9, 2009, to
stockholders of record as of the close of business October 30, 2009. St.
Mary currently has approximately 62.5 million shares of common stock
outstanding.
St. Mary has paid cash dividends to stockholders every year since 1940.
Company management plans to continue making semi-annual dividend
payments at the rate of $0.05 per share for the foreseeable future,
subject to future earnings, capital requirements, financial condition,
credit facility covenants, and other factors.
INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
This release contains forward-looking statements within the meaning of
securities laws, including plans for future periods. The words “will”
and “plans” and similar expressions are intended to identify
forward-looking statements. These statements involve known and unknown
risks, which may cause St. Mary’s actual results to differ materially
from results expressed or implied by the forward-looking statements.
These risks include such factors as the volatility and level of oil and
natural gas prices, and other such matters discussed in the “Risk
Factors” section of St. Mary’s 2008 Annual Report on Form 10-K/A filed
with the SEC. Although St. Mary may from time to time voluntarily update
its prior forward-looking statements, it disclaims any commitment to do
so except as required by securities laws.
PR 09-20
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