Goodrich Petroleum's Series C Preferred Stock Yield Pushes Past 9%

In trading on Monday, shares of Goodrich Petroleum Corp.'s 10.00% Series C Cumulative Preferred Stock (GDP.PRC) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.50), with shares changing hands as low as $27.70 on the day. This compares to an average yield of 8.20% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel. As of last close, GDP.PRC was trading at a 11.52% premium to its liquidation preference amount, versus the average discount of 0.45% in the "Oil & Gas Exploration & Production" category.

START SLIDESHOW:
Click here to find out the 50 highest yielding preferreds »

The chart below shows the one year performance of GDP.PRC shares, versus GDP:

Performance Comparison Chart

Below is a dividend history chart for GDP.PRC, showing historical dividend payments on Goodrich Petroleum Corp.'s 10.00% Series C Cumulative Preferred Stock :

GDP.PRC+Dividend+History+Chart

In Monday trading, Goodrich Petroleum Corp.'s 10.00% Series C Cumulative Preferred Stock ( GDP.PRC) is currently down about 0.5% on the day, while the common shares ( GDP) are down about 0.8%.

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