Evolution Petroleum (EPM) Q3 2011 Earnings Call May 12, 2011 10:00 am ET Executives Lisa Elliott - Vice President Robert Herlin - Co-Founder, Chairman, Chief Executive Officer and President Sterling McDonald - Chief Financial Officer, Vice President and Treasurer Analysts Philip McPherson - Global Hunter Securities, LLC Joel Musante - C. K. Cooper & Company, Inc. PresentationOperator
Good day, ladies and gentlemen, and thank you for standing by. Welcome to Evolution's Third Quarter of Fiscal Year 2011 Earnings Conference Call. [Operator Instructions] This conference is being recorded today, Thursday, May 12, 2011. And I'd now like to turn the conference over to Ms. Lisa Elliott of DRG&L. Please go ahead, ma'am. Lisa Elliott Thank you, Melissa, and good morning, everyone. We appreciate you joining us for Evolution's quarterly conference call to discuss the results of the third quarter of fiscal 2011 which ended March 31. In a moment, I'll turn the call over to management, but I first have a couple of items to cover. If you'd like to be on the company's email distribution list to receive future news releases, please feel free to let me know. My contact information is in the earnings release that Evolution put out this morning. If you wish to listen to a replay of today's call, it will be available in a few hours and archived for one year via webcast by going to the company's website at www.evolutionpetroleum.com, or via recorded telephone replay until May 19. That dial-in number and passcode can also be found in the earnings release. Information recorded on the call today is valid only as of today, May 12, 2011, and therefore, time-sensitive information may no longer be accurate as of the date of any replay.
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.
Looking at the universe of stocks we cover at Dividend Channel, on 12/11/14, Evolution Petroleum Corp will trade ex-dividend, for its quarterly dividend of $0.10, payable on 12/31/14. As a percentage of EPM's recent stock price of $7.20, this dividend works out to approximately 1.39%, so look for shares of Evolution Petroleum Corp to trade 1.39% lower — all else being equal — when EPM shares open for trading on 12/11/14.