On 6/12/14, Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock (MHR.PRC) will trade ex-dividend, for its monthly dividend of $0.2135, payable on 6/30/14. As a percentage of MHR.PRC's recent share price of $26.17, this dividend works out to approximately 0.82%, so look for shares of MHR.PRC to trade 0.82% lower — all else being equal — when MHR.PRC shares open for trading on 6/12/14. On an annualized basis, the current yield is approximately 9.79%, which compares to an average yield of 8.64% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel.
As of last close, MHR.PRC was trading at a 4.72% premium to its liquidation preference amount. The chart below shows the one year performance of MHR.PRC shares, versus MHR:
Below is a dividend history chart for MHR.PRC, showing historical dividends prior to the most recent $0.2135 on Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock:
According to the ETF Finder at ETF Channel, Magnum Hunter Resources Corp (MHR) makes up 3.40% of the First Trust ISE-Revere Natural Gas Index Fund ETF (FCG) which is trading lower by about 0.8% on the day Tuesday.