On 1/13/14, 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 1/31/14. As a percentage of MHR.PRC's recent share price of $25.60, this dividend works out to approximately 0.83%, so look for shares of MHR.PRC to trade 0.83% lower — all else being equal — when MHR.PRC shares open for trading on 1/13/14. On an annualized basis, the current yield is approximately 10.03%, which compares to an average yield of 7.42% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel.
Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock Ex-Dividend Reminder - 1/13/14
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