Universal Bioenergy Announces Proposal for 20% Stock Dividend to Reward Shareholders

IRVINE, Calif., May 3, 2012 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company that markets natural gas, propane, and produces petroleum and coal, announced today that its Board of Directors held a meeting, at which the Board reviewed a proposal from management to distribute a common stock dividend to its shareholders on a 10 for 2 basis. The plan would pay or issue two shares of common stock for every ten shares of common stock...continued UBRG  biomass fuel biodiesel

URL: http://www.investorpoint.com/news/MARKCOMM/50970116/