In trading on Tuesday, shares of Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock (CPE.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $5.00), with shares changing hands as low as $54.56 on the day. This 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, CPE.PRA was trading at a 11.58% premium to its liquidation preference amount, versus the average discount of 1.51% in the "Oil & Gas Exploration & Production" category.
Callon Petroleum's Series A Cumulative Preferred Stock Shares Cross 9% Yield Mark
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