St. Mary Land & Exploration Company's Board of Directors has declared a semi-annual cash dividend of $0.05 per share of common stock. The dividend will be paid May 11, 2009, to stockholders of record as of the close of business May 1, 2009. St. Mary currently has approximately 62.4 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.
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