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.
As of last close, MHR.PRC was trading at a 4.84% 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 3.59% of the First Trust ISE-Revere Natural Gas Index Fund ETF (FCG) which is trading higher by about 0.3% on the day Wednesday.
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