Miller Energy Resources' Series C Preferred Stock Shares Cross 10% Yield Mark

In trading on Monday, shares of Miller Energy Resources, Inc.'s 10.75% Series C Cumulative Redeemable Preferred Stock ( MILL.PRC) were yielding above the 10% mark based on its quarterly dividend (annualized to $2.6875), with shares changing hands as low as $26.67 on the day. This compares to an average yield of 8.22% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel. As of last close, MILL.PRC was trading at a 10.52% premium to its liquidation preference amount, versus the average discount of 1.79% in the "Oil & Gas Exploration & Production" category.

START SLIDESHOW:
Click here to find out the 50 highest yielding preferreds »

The chart below shows the one year performance of MILL.PRC shares, versus MILL:

Performance Comparison Chart

Below is a dividend history chart for MILL.PRC, showing historical dividend payments on Miller Energy Resources, Inc.'s 10.75% Series C Cumulative Redeemable Preferred Stock:

MILL.PRC+Dividend+History+Chart

In Monday trading, Miller Energy Resources, Inc.'s 10.75% Series C Cumulative Redeemable Preferred Stock ( MILL.PRC) is currently down about 3.2% on the day, while the common shares ( MILL) are off about 12%.
null

If you liked this article you might like

Miller Energy Resources Series D Preferred Stock Crosses Above 17% Yield Territory

Miller Energy Resources (MILL) Stock Soars Today as Oil Resumes Rally

MILL: Insiders Vs. Shorts

Insider Trading Alert - RNET, TSRA And MILL Traded By Insiders

Strong On High Volume: Miller Energy Resources (MILL)