GENIE ENERGY LTD.

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Genie Energy : Declares First Quarter 2022 Preferred Stock Dividend - Form 8-K

04/14/2022 | 04:59pm EDT

Genie Energy Declares First Quarter 2022 Preferred Stock Dividend

NEWARK NJ - (April 14, 2022): The board of directors of Genie Energy Ltd (NYSE: GNE, GNEPRA) has declared a cash dividend of $0.2442 per share of the company's Series 2012-A Preferred Stock for the first quarter of 2022. The distribution will consist of a Base Dividend of $0.1594 per share for the first quarter of 2022 and an Additional Dividend of $0.0848 per share for the period through December 31, 2021 based on the performance of the company's REP business.

The dividend will be paid on or about May 16, 2022 to preferred stockholders of record as of the close of business on May 6th.

The distribution will be treated as an ordinary dividend for tax purposes.

Genie Energy announces declarations of GNEPRA Series 2012-A Preferred Stock dividends through Form 8-K filings with the Securities and Exchange Commission and press releases posted on the investor relations pages of the Genie Energy website.

ABOUT GENIE ENERGY LTD:

Genie Energy Ltd. (NYSE: GNE, GNEPRA), is a provider of energy services. The Genie Retail Energy division supplies electricity, including electricity from renewable resources, and natural gas to residential and small business customers in the United States. The Genie Retail Energy International division supplies customers in certain Scandinavian markets. Genie Renewables comprises Genie Solar Energy, a provider of end-to-end customized solar solutions primarily for commercial customers, Diversegy, a commercial energy consulting business, CityCom Solar, a provider of community solar energy solutions and Genie's interest in Prism Solar, a supplier of solar panels and solutions. For more information, visit Genie.com.

Contact:

Genie Energy Investor Relations

Bill Ulrey

P: (973) 438-3848

E-mail: invest@genie.com

# # #

Disclaimer

Genie Energy Ltd. published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 20:58:42 UTC.


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Financials (USD)
Sales 2021 364 M - -
Net income 2021 29,2 M - -
Net cash 2021 95,1 M - -
P/E ratio 2021 5,30x
Yield 2021 1,35%
Capitalization 218 M 218 M -
EV / Sales 2020 0,44x
EV / Sales 2021 0,14x
Nbr of Employees 186
Free-Float 75,7%
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Managers and Directors
Michael Menachem Stein Chief Executive Officer
Avi Goldin CFO, Treasurer & Principal Accounting Officer
Howard S. Jonas Chairman
William Wesley Perry Lead Independent Director
Allan Sass Independent Outside Director
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