|Day Low/High||23.45 / 23.45|
|52 Wk Low/High||20.30 / 25.50|
On 10/12/17, Mitcham Industries Inc's 9.00% Series A Cumulative Preferred Stock will trade ex-dividend, for its quarterly dividend of $0.5625, payable on 10/31/17. As a percentage of MINDP's recent share price of $23.10, this dividend works out to approximately 2.43%, so look for shares of MINDP to trade 2.43% lower — all else being equal — when MINDP shares open for trading on 10/12/17.
In trading on Wednesday, shares of Mitcham Industries Inc's 9.00% Series A Cumulative Preferred Stock were yielding above the 10% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $22.34 on the day. As of last close, MINDP was trading at a 9.80% discount to its liquidation preference amount.
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