On 5/29/14, Goodrich Petroleum Corp.'s 10.00% Series C Cumulative Preferred Stock ( GDP.PRC) will trade ex-dividend, for its quarterly dividend of $0.625, payable on 6/16/14. As a percentage of GDP.PRC's recent share price of $27.38, this dividend works out to approximately 2.28%, so look for shares of GDP.PRC to trade 2.28% lower — all else being equal — when GDP.PRC shares open for trading on 5/29/14. On an annualized basis, the current yield is approximately 9.15%, which compares to an average yield of 8.63% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel.As of last close, GDP.PRC was trading at a 9.32% premium to its liquidation preference amount. The chart below shows the one year performance of GDP.PRC shares, versus GDP: Below is a dividend history chart for GDP.PRC, showing historical dividends prior to the most recent $0.625 on Goodrich Petroleum Corp.'s 10.00% Series C Cumulative Preferred Stock : According to the ETF Finder at ETF Channel, Goodrich Petroleum Corp. ( GDP) makes up 5.75% of the First Trust ISE-Revere Natural Gas Index Fund ETF (FCG) which is trading higher by about 0.7% on the day Tuesday. In Tuesday trading, Goodrich Petroleum Corp.'s 10.00% Series C Cumulative Preferred Stock ( GDP.PRC) is currently up about 0.2% on the day, while the common shares ( GDP) are up about 5.1%.