HOUSTON--(BUSINESS WIRE)--WildHorse Resource Development Corporation (NYSE:WRD) today announced an aggregate quarterly dividend of $2.175 million on its 435,000 shares of 6.0% Series A Perpetual Convertible Preferred Stock. The dividend was paid by an automatic increase to the accreted value of each such share of Series A Perpetual Convertible Preferred Stock, which were issued with an initial accreted value of $1,000. The dividend is for the period beginning on June 30, 2017 (the issuance date of the Series A Perpetual Convertible Preferred Stock) to July 31, 2017 and was paid to holders of record on July 15, 2017.
About WildHorse Resource Development
WildHorse Resource Development Corporation is an independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas and NGL properties primarily in the Eagle Ford Shale in East Texas and the Over-Pressured Cotton Valley in North Louisiana.