Energen Corporation Dividend Increased 2.9 Percent.Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--July 31, 2002 The Board of Directors of Energen Corporation (NYSE NYSE See: New York Stock Exchange :EGN EGN External Gateway Network (WorldCom) EGN East Gate News EGN European Games Network ) today increased the quarterly cash dividend 2.9 percent to 18 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . This marks the 20th year in a row that Energen's cash dividend has been increased. On an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis, the company's new dividend rate is 72 cents per share, up 2 cents from the prior annualized rate. The dividend is payable September 3, 2002, to shareholders of record on August 15, 2002. Energen Corporation is a diversified energy holding company with headquarters in Birmingham, Alabama. Its two lines of business are natural gas distribution in central and north Alabama and the acquisition, exploitation, exploration and production of natural gas, oil and natural gas liquids onshore in North America. Additional information on Energen is available at www.energen.com. |
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