On 2/27/14, Chesapeake Energy Corp.'s 4.50% Cumulative Convertible Preferred Stock (CHK.PRD) will trade ex-dividend, for its quarterly dividend of $1.125, payable on 3/17/14. As a percentage of CHK.PRD's recent share price of $93.00, this dividend works out to approximately 1.21%, so look for shares of CHK.PRD to trade 1.21% lower — all else being equal — when CHK.PRD shares open for trading on 2/27/14. On an annualized basis, the current yield is approximately 4.78%, which compares to an average yield of 6.47% in the "Energy" preferred stock category, according to Preferred Stock Channel.
Chesapeake Energy Corp.'s 4.50% Cumulative Convertible Preferred Stock Goes Ex-Dividend Soon
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