On 10/16/13, GreenHunter Resources, Inc's 10% Series C Cumulative Preferred Stock (GRH.PRC) will trade ex-dividend, for its monthly dividend of $0.2083, payable on 10/31/13. As a percentage of GRH.PRC's recent share price of $19.13, this dividend works out to approximately 1.09%, so look for shares of GRH.PRC to trade 1.09% lower — all else being equal — when GRH.PRC shares open for trading on 10/16/13. On an annualized basis, the current yield is approximately 13.03%.
As of last close, GRH.PRC was trading at a 23.24% discount to its liquidation preference amount. The chart below shows the one year performance of GRH.PRC shares, versus GRH:
Below is a dividend history chart for GRH.PRC, showing historical dividends prior to the most recent $0.2083 on GreenHunter Resources, Inc's 10% Series C Cumulative Preferred Stock :
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In Monday trading, GreenHunter Resources, Inc's 10% Series C Cumulative Preferred Stock (GRH.PRC) is currently off about 0.3% on the day, while the common shares (GRH) are down about 1.5%.