Ex-Div Reminder for Magnum Hunter Resources Series C Cumulative Perpetual Preferred Stock

On 7/11/14, 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 7/31/14. As a percentage of MHR.PRC's recent share price of $26.33, this dividend works out to approximately 0.81%, so look for shares of MHR.PRC to trade 0.81% lower — all else being equal — when MHR.PRC shares open for trading on 7/11/14. On an annualized basis, the current yield is approximately 9.78%, which compares to an average yield of 8.21% 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 4.84% 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 3.59% of the First Trust ISE-Revere Natural Gas Index Fund ETF (FCG) which is trading higher by about 0.3% on the day Wednesday.

In Wednesday trading, Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock ( MHR.PRC) is currently up about 0.5% on the day, while the common shares ( MHR) are down about 0.4%.

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