Callon Petroleum's Series A Preferred Stock Shares Cross 10.5% Yield Mark

In trading on Friday, shares of Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock (CPE.PRA) were yielding above the 10.5% mark based on its quarterly dividend (annualized to $5.00), with shares changing hands as low as $47.60 on the day. This compares to an average yield of 7.30% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel. As of last close, CPE.PRA was trading at a 4.20% discount to its liquidation preference amount, versus the average discount of 3.06% in the "Oil & Gas Exploration & Production" category.

The chart below shows the one year performance of CPE.PRA shares, versus CPE:

Performance Comparison Chart

Below is a dividend history chart for CPE.PRA, showing historical dividend payments on Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock:

CPE.PRA+Dividend+History+Chart

In Friday trading, Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock ( CPE.PRA) is currently up about 0.2% on the day, while the common shares ( CPE) are up about 1.1%.

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