Green Hunter Energy is a Texas-based company that focuses on creating renewable energy from a variety of sources, including wind, solar power, biomass and geothermal.  Currently, they operate a cow-fired manure plant in Brawley, California, as well as a biodiesel refinery in Houston, Texas.

If you’re lucky enough to currently own stock in the company, Marketwatch that they are offering a dividend of one common purchase warrant for every 10 common shares you own.  According to Marketwatch:

"The warrants will have a term of three years and an exercise price of $27.50 per common share. The Company may call the warrants at any time after one year and the Common Stock of GreenHunter Energy has closed at an average price of $32.50 per share or greater for the preceding ten days. The Company will round any fractional warrants down to the nearest whole number."

The warrants will go to all stockholders of record as of August 30, 2008.