On 12/12/13, Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock (MHR.PRC) will trade ex-dividend, for its monthly dividend of $0.2135, payable on 12/31/13. As a percentage of MHR.PRC's recent share price of $25.40, this dividend works out to approximately 0.84%, so look for shares of MHR.PRC to trade 0.84% lower — all else being equal — when MHR.PRC shares open for trading on 12/12/13. On an annualized basis, the current yield is approximately 10.06%, which compares to an average yield of 6.91% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock
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