Energy XXI Declares Quarterly Preferred Stock Dividend
Energy XXI's Board of Directors declared a $1.8125 per share quarterly dividend on its shares of 7.25% Convertible Perpetual Preferred Stock. The dividend will be paid in cash on Monday, March 15, 2010 to the holders of record on Monday, March 1, 2010. The company currently has 1.1 million shares of its 7.25% Convertible Perpetual Preferred Stock outstanding.
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