Rex Energy Suspends Preferred Stock Dividends to Conserve Cash

Drillers continue to deal with the downturn in the market in different ways. Different companies, different strategies. Yesterday Rex Energy, a pure play Marcellus/Utica driller headquartered in State College, PA announced they are suspending dividend payments on their preferred stock, to conserve capital. It won't make preferred stockholders happy, but at least the company can continue to live to fight another day...

---

To view this content, log into your member account. (Not a member? Join Today!)