Cash Dividend On The Way From Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock

On 12/12/13, Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock (MHR.PRC) will trade ex-dividend, for its monthly dividend of $0.2135, payable on 12/31/13. As a percentage of MHR.PRC's recent share price of $25.40, this dividend works out to approximately 0.84%, so look for shares of MHR.PRC to trade 0.84% lower — all else being equal — when MHR.PRC shares open for trading on 12/12/13. On an annualized basis, the current yield is approximately 10.06%, which compares to an average yield of 6.91% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel.

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As of last close, MHR.PRC was trading at a 1.92% premium to its liquidation preference amount.The chart below shows the one year performance of MHR.PRC shares, versus MHR:

Performance Comparison Chart

Below is a dividend history chart for MHR.PRC, showing historical dividends prior to the most recent $0.2135 on Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock:

MHR.PRC+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Magnum Hunter Resources Corp ( MHR) makes up 4.52% of the First Trust ISE-Revere Natural Gas Index Fund ETF (FCG) which is trading up by about 0.2% on the day Tuesday.

In Tuesday trading, Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock ( MHR.PRC) is currently off about 0.3% on the day, while the common shares ( MHR) are down about 0.8%.

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