BIRMINGHAM, Ala., Jan 27, 2010 (BUSINESS WIRE) -- The Board of Directors of Energen Corporation (NYSE: EGN) today increased the quarterly cash dividend 4 percent to 13 cents per share. This marks the 28th consecutive year that Energen's cash dividend has been increased.

On an annualized basis, the company's new dividend rate is 52 cents per share. The dividend is payable March 1, 2010, to shareholders of record on February 15, 2010.

Energen Corporation is a diversified energy holding company with headquarters in Birmingham, AL. Its two lines of business are the acquisition, development and exploration of domestic, onshore natural gas, oil and NGL reserves and natural gas distribution in central and north Alabama. Energen Resources has approximately 3.4 trillion cubic feet equivalent of proved, probable and possible reserves in the San Juan, Permian and Black Warrior basins. Alabama Gas Corporation is the largest distributor of natural gas in Alabama. More information is available at .

SOURCE: Energen Corporation

Energen Corporation
Julie S. Ryland, 205-326-8421