Penn Virginia Corporation Declares Dividend

RADNOR, Pa.-- Penn Virginia Corporation (NYSE: PVA) announced today that its Board of Directors declared a regular quarterly dividend of $0.05625 per share payable March 18, 2010 to shareholders of record at the close of business on March 3, 2010. This will be the Company's 452nd consecutive quarterly dividend payment.

Penn Virginia Corporation (NYSE: PVA) is an independent natural gas and oil company focused on the exploration, acquisition, development and production of reserves in onshore regions of the U.S., including East Texas, Mississippi, the Mid-Continent region and the Appalachian Basin. We also own approximately 51 percent of Penn Virginia GP Holdings, L.P. (NYSE: PVG), the owner of the general partner and the largest unit holder of Penn Virginia Resource Partners, L.P. (NYSE: PVR), a manager of coal and natural resource properties and related assets and the operator of a midstream natural gas gathering and processing business.

For more information, please visit PVA's website at www.pennvirginia.com.


    Source: Penn Virginia Corporation