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.
As of last close, MHR.PRE was trading at a 15.60% premium to its liquidation preference amount. It should be noted that the preferred shares are convertible, with a conversion ratio of 2.941176471. The chart below shows the one year performance of MHR.PRE shares, versus MHR:
Below is a dividend history chart for MHR.PRE, showing historical dividends prior to the most recent $0.1667 on Magnum Hunter Resources Corp's 8% Series E Cumulative Convertible Preferred Stock:
According to the ETF Finder at ETF Channel, Magnum Hunter Resources Corp (MHR) makes up 3.89% of the First Trust ISE-Revere Natural Gas Index Fund ETF (FCG) which is trading relatively unchanged on the day Wednesday.