On 7/11/14, 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 7/31/14. As a percentage of MHR.PRC's recent share price of $26.33, this dividend works out to approximately 0.81%, so look for shares of MHR.PRC to trade 0.81% lower — all else being equal — when MHR.PRC shares open for trading on 7/11/14. On an annualized basis, the current yield is approximately 9.78%, which compares to an average yield of 8.21% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Magnum Hunter Resources Series C Cumulative Perpetual Preferred Stock
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