Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock Goes Ex-Dividend Soon

On 5/13/14, 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 6/2/14. As a percentage of MHR.PRC's recent share price of $26.05, this dividend works out to approximately 0.82%, so look for shares of MHR.PRC to trade 0.82% lower — all else being equal — when MHR.PRC shares open for trading on 5/13/14. On an annualized basis, the current yield is approximately 9.83%, which compares to an average yield of 8.62% 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, MHR.PRC was trading at a 4.36% 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 3.18% of the First Trust ISE-Revere Natural Gas Index Fund ETF (FCG) which is trading lower by about 0.5% on the day Friday.

In Friday trading, Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock ( MHR.PRC) is currently down about 0.1% on the day, while the common shares ( MHR) are off about 4.8%.

If you liked this article you might like

Wall Street's Energy Loans Suffer Frostbite From Warm Winter

Wall Street's Energy Loans Suffer Frostbite From Warm Winter

Jim Cramer -- Fitbit Drop Signals Time to Buy; VeriFone Disappoints

Jim Cramer -- Fitbit Drop Signals Time to Buy; VeriFone Disappoints

Jim Cramer Says Drop in Fitbit Shares an Opportunity to Buy

Jim Cramer Says Drop in Fitbit Shares an Opportunity to Buy

Magnum Hunter Bondholders Hire Advisers on Eve of $29M Interest Payment

Magnum Hunter Bondholders Hire Advisers on Eve of $29M Interest Payment

Magnum Hunter Resources Corporation (MHR) Stock: Weak On High Volume Today

Magnum Hunter Resources Corporation (MHR) Stock: Weak On High Volume Today