On 6/11/14, Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock (CPE.PRA) will trade ex-dividend, for its quarterly dividend of $1.25, payable on 6/30/14. As a percentage of CPE.PRA's recent share price of $55.45, this dividend works out to approximately 2.25%, so look for shares of CPE.PRA to trade 2.25% lower — all else being equal — when CPE.PRA shares open for trading on 6/11/14. On an annualized basis, the current yield is approximately 9.01%, which compares to an average yield of 8.64% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Callon Petroleum Series A Cumulative Preferred Stock
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