Miller Energy Resources Series CPreferred Stock Shares Cross 10.5% Yield Mark

In trading on Wednesday, shares of Miller Energy Resources, Inc.'s 10.75% Series C Cumulative Redeemable Preferred Stock ( MILL.PRC) were yielding above the 10.5% mark based on its quarterly dividend (annualized to $2.6875), with shares changing hands as low as $25.42 on the day. This compares to an average yield of 8.14% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel. As of last close, MILL.PRC was trading at a 4.00% premium to its liquidation preference amount, versus the average discount of 1.74% in the "Oil & Gas Exploration & Production" category.

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

Performance Comparison Chart

Below is a dividend history chart for MILL.PRC, showing historical dividend payments on Miller Energy Resources, Inc.'s 10.75% Series C Cumulative Redeemable Preferred Stock:

MILL.PRC+Dividend+History+Chart

In Wednesday trading, Miller Energy Resources, Inc.'s 10.75% Series C Cumulative Redeemable Preferred Stock ( MILL.PRC) is currently down about 1.6% on the day, while the common shares ( MILL) are up about 3.7%.

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