Ex-Div Reminder for Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock

On 12/11/13, Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock (CPE.PRA) will trade ex-dividend, for its quarterly dividend of $1.25, payable on 12/31/13. As a percentage of CPE.PRA's recent share price of $48.40, this dividend works out to approximately 2.58%, so look for shares of CPE.PRA to trade 2.58% lower — all else being equal — when CPE.PRA shares open for trading on 12/11/13. On an annualized basis, the current yield is approximately 10.45%, which compares to an average yield of 7.42% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

As of last close, CPE.PRA was trading at a 4.30% discount to its liquidation preference amount.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 dividends prior to the most recent $1.25 on Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock:

CPE.PRA+Dividend+History+Chart

In Monday trading, Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock ( CPE.PRA) is currently up about 1.1% on the day, while the common shares ( CPE) are off about 0.8%.

null

More from Stocks

Coke's a Better Stock to Buy Than Pepsi on Surprising North America Sales
Amazon Crushes Quarterly Earnings Estimates, Raises the Price of Prime

Amazon Crushes Quarterly Earnings Estimates, Raises the Price of Prime

Barbie Flexes Her Muscle in Mattel's Q1 Earnings

Barbie Flexes Her Muscle in Mattel's Q1 Earnings

Amazon Crushes First-Quarter Profit Estimates -- Watch TheStreet's Live Analysis

Amazon Crushes First-Quarter Profit Estimates -- Watch TheStreet's Live Analysis

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb