On 12/11/13, Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock (CPE.PRA) will trade ex-dividend, for its quarterly dividend of $1.25, payable on 12/31/13. As a percentage of CPE.PRA's recent share price of $48.40, this dividend works out to approximately 2.58%, so look for shares of CPE.PRA to trade 2.58% lower — all else being equal — when CPE.PRA shares open for trading on 12/11/13. On an annualized basis, the current yield is approximately 10.45%, which compares to an average yield of 7.42% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock
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