Penn Virginia Corporation Declares Dividend on Series A Preferred Depositary Shares

Penn Virginia Corporation Declares Dividend on Series A Preferred Depositary
Shares

RADNOR, Pa., June 20, 2014 (GLOBE NEWSWIRE) -- The Board of Directors of Penn
Virginia Corporation (NYSE:PVA) has declared a regular quarterly cash dividend
of $150.00 per share on its 6.00 percent Series A convertible preferred stock.
As a result, on July 15, 2014, a dividend of $1.50 per depositary share, each
representing a 1/100^th interest in a share of the Series A convertible
preferred stock, will be paid to holders of record at the close of business on
July 1, 2014.

Penn Virginia Corporation (NYSE:PVA) is an independent oil and gas company
engaged in the exploration, development and production of oil, natural gas
liquids and natural gas in various domestic onshore regions of the United
States, with a primary focus in Texas, and other properties in the
Mid-Continent and the Marcellus Shale in Appalachia. For more information,
please visit our website at www.pennvirginia.com.

CONTACT: James W. Dean
         Vice President, Corporate Development
         Ph: (610) 687-7531 Fax: (610) 687-3688
         E-Mail: invest@pennvirginia.com

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