On 2/12/14, Miller Energy Resources, Inc.'s 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock (MILL.PRD) will trade ex-dividend, for its quarterly dividend of $0.6562, payable on 3/3/14. As a percentage of MILL.PRD's recent share price of $23.96, this dividend works out to approximately 2.74%, so look for shares of MILL.PRD to trade 2.74% lower — all else being equal — when MILL.PRD shares open for trading on 2/12/14. On an annualized basis, the current yield is approximately 11.00%, which compares to an average yield of 8.35% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Miller Energy Resources Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock
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