Legacy Reserves (LGCY) Declares $0.35 Quarterly Dividend; 11% Yield

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Go back to Legacy Reserves (LGCY) Declares $0.35 Quarterly Dividend; 11% Yield

Legacy Reserves LP Announces Cash Distributions, Provides Update to Select Operating & Financial Information, Presents at IPAA 2015 OGIS New York and Schedules Conference Call to Report First Quar

April 20, 2015 7:00 AM EDT

MIDLAND, Texas, April 20, 2015 (GLOBE NEWSWIRE) -- Legacy Reserves LP ("Legacy") (Nasdaq: LGCY) today announced:

Cash distributions of $0.166667 per unit for the 8% Series A (Nasdaq: LGCYP) and 8% Series B (Nasdaq: LGCYO) Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units payable on May 15, 2015 to the respective holders of record on May 1, 2015 Cash distribution attributable to the first quarter of 2015 of $0.35 per unit payable on May 15, 2015 to unitholders of record on May 1, 2015 Expected 2015 distribution coverage of greater than 1.3x Reaffirmed 2015 capital... More