On 5/29/14, Goodrich Petroleum Corp.'s 10.00% Series C Cumulative Preferred Stock (GDP.PRC) will trade ex-dividend, for its quarterly dividend of $0.625, payable on 6/16/14. As a percentage of GDP.PRC's recent share price of $27.38, this dividend works out to approximately 2.28%, so look for shares of GDP.PRC to trade 2.28% lower — all else being equal — when GDP.PRC shares open for trading on 5/29/14. On an annualized basis, the current yield is approximately 9.15%, which compares to an average yield of 8.63% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel.
Goodrich Petroleum Series C Cumulative Preferred Stock Goes Ex-Dividend Soon
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