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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts