On 4/11/14, Magnum Hunter Resources Corp's 8% Series E Cumulative Convertible Preferred Stock (MHR.PRE) will trade ex-dividend, for its monthly dividend of $0.1667, payable on 4/30/14. As a percentage of MHR.PRE's recent share price of $29.00, this dividend works out to approximately 0.57%, so look for shares of MHR.PRE to trade 0.57% lower — all else being equal — when MHR.PRE shares open for trading on 4/11/14. On an annualized basis, the current yield is approximately 6.93%, which compares to an average yield of 8.74% 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 8% Series E Cumulative Convertible Preferred Stock
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