DENVER and HOUSTON, Dec. 8,
2014 /PRNewswire/ -- Escalera Resources Co. (NASDAQ:
ESCR) reported today that its Board of Directors declared a
cash dividend on its 9.25% Series A Cumulative Preferred Stock
("Series A Preferred Stock") in the amount of $0.578125 per share, payable on December 31, 2014 to stockholders of record as of
December 19, 2014. The Series A
Preferred Stock was issued on July 5,
2007 and trades on the NASDAQ Capital Market under the
symbol "ESCRP."
About Escalera Resources Co.
Escalera Resources Co. ("Escalera") is headquartered in
Denver, CO, with executive offices
in Houston, TX and a regional
office in Casper, WY. Escalera
explores, develops and transports natural gas in the U.S.
Escalera is seeking strategic acquisitions of abundant, low cost
natural gas assets that are currently undervalued or underutilized;
and identifying alternative ways to enhance the value of its dry
natural gas reserves.
Company Contact:
William A. Sidwell, III
VP Corporate Strategy/IR
(832) 941-0565
www.escaleraresources.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/escalera-resources-reports-cash-dividend-on-its-series-a-cumulative-preferred-stock-300006367.html
SOURCE Escalera Resources Co.
