Evolution Petroleum (EPM) Q2 2012 Earnings Call February 09, 2012 11:00 am ET Executives Lisa Elliott - Vice President Robert S. Herlin - Co-Founder, Chairman, Chief Executive Officer and President Sterling H. McDonald - Chief Financial Officer, Principal Accounting Officer, Vice President and Treasurer Analysts Philip J. McPherson - Global Hunter Securities, LLC, Research Division Joel P. Musante - C. K. Cooper & Company, Inc., Research Division Kim M. Pacanovsky - McNicoll, Lewis & Vlak LLC, Research Division PresentationOperator
Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the Evolution Petroleum Second Quarter of Fiscal 2012 Conference Call. [Operator Instructions] This conference is being recorded today, February 9, 2012. I would now like to turn the conference over to Lisa Elliott with DRG&L. Please go ahead. Lisa Elliott Thank you. Good morning, everyone. Thanks for listening for Evolution Petroleum's conference call to discuss results for the second quarter of fiscal 2012 which ended December 31, 2011. In a moment, I will turn the call over to management. But first, I have a couple of items to go over. 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 on the earnings release that Evolution put out yesterday evening. And if you'd like 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 through recorded telephone replay until February 16, 2012, and the 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, February 9, 2012, and therefore, time-sensitive information may no longer be accurate as of the date of any reply.
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.