Energen Corp. halts dividend, citing oil price plunge
Energen Corp. said Thursday it will discontinue its cash dividend in response to "a significant decline in the market prices of oil, natural gas, and natural gas liquids." Oil futures settled at a 2003 low on Thursday, dogged by a glut in supplies and lackluster global demand. Shares of Energen were flat in late trading Thursday after ending the regular session down 5.8%.
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