On March 7, 2017, Genie Energy's Board of Directors declared a fourth quarter 2016 dividend of $0.075 for the holders of Class A and Class B common stock of record on March 20, 2017. The dividend will be paid on March 24, 2017. The ex-dividend date will be March 16, 2017.

The Board of Directors of Genie Energy has appointed Michael Stein as the company's Chief Operating Officer. In addition to his new responsibilities, Mr. Stein will continue to serve as Chief Executive Officer of Genie Retail Energy, a position he has held since May of 2015.