GRAPEVINE, Texas--(BUSINESS WIRE)--GreenHunter Resources, Inc. (NYSE MKT: GRH) (NYSE MKT: GRH.PRC) (the “Company”), announced today that it has declared a monthly cash dividend on the Company’s 10.0% Series C Cumulative Perpetual Preferred Stock (“Series C Preferred Stock”).
The dividend on the Series C Preferred Stock, which is for the month of October 2013, is payable on October 31, 2013, to holders of record at the close of business on October 18, 2013. The payment will be 10.0% annualized per share, which is equivalent to approximately $0.208 per share, based on the $25.00 per share liquidation preference of the Series C Preferred Stock.
About GreenHunter Resources, Inc.
GreenHunter Resources provides Oilfield Fluid Management Solutions™ in the unconventional shale oil and natural gas plays. Because there is no single solution to E&P fluids management, GreenHunter’s services include fixed-facility and mobile water treatment (Frac-Cycle®), an expanding portfolio of UIC Class II Salt Water Disposal wells with advanced logistics and transport capabilities, proprietary modular above-ground storage systems (MAG Tank™), and cradle-to-grave compliance tracking technologies (RAMCAT™). All of these services help oil and gas producers reduce cost and improve operating efficiency.
For a visual animation of the Class II Salt Water Disposal well development and completion technique that is being utilized in GreenHunter Water’s Appalachia, Eagle Ford, Mississippian Lime and Bakken SWD program, navigate to the video by clicking on “Salt Water Disposal Animation” button on the Operations tab at GreenHunterResources.com or click here.
Additional information about GreenHunter Water may be found at www.GreenHunterWater.com
Any statements in this press release about future expectations and prospects for GreenHunter Resources and its business and other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the substantial capital expenditures required to fund its operations, the ability of the Company to implement its business plan, government regulation and competition. GreenHunter Resources undertakes no obligation to update these forward-looking statements in the future.