SemGroup Corporation Declares Quarterly Cash Dividend, Payable on May 20, 2019; Declares Dividend on Preferred Stock, Payable on May 20, 2019
The Board of Directors also declared a dividend to holders of its 7% Series A Cumulative Perpetual Convertible Preferred Stock. The company elected, pursuant to the terms of the convertible preferred shares, to have the aggregate amount of $6.5 million that would have been payable in cash as a dividend added to the liquidation preference of such shares as a payment in kind. The payment date for the payment in kind on the shares of convertible preferred stock is May 20, 2019 and the record date is May 10, 2019.