Magnum Hunter Resources Series D Cumulative Preferred Stock Ex-Dividend Reminder

On 9/11/14, Magnum Hunter Resources Corp's 8.0% Series D Cumulative Preferred Stock (MHR.PRD) will trade ex-dividend, for its monthly dividend of $0.3333, payable on 9/30/14. As a percentage of MHR.PRD's recent share price of $49.57, this dividend works out to approximately 0.67%, so look for shares of MHR.PRD to trade 0.67% lower — all else being equal — when MHR.PRD shares open for trading on 9/11/14. On an annualized basis, the current yield is approximately 8.04%, which compares to an average yield of 8.23% 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.PRD was trading at a 0.50% discount to its liquidation preference amount.The chart below shows the one year performance of MHR.PRD shares, versus MHR:

Performance Comparison Chart

Below is a dividend history chart for MHR.PRD, showing historical dividends prior to the most recent $0.3333 on Magnum Hunter Resources Corp's 8.0% Series D Cumulative Preferred Stock:

MHR.PRD+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 relatively unchanged on the day Tuesday.

In Tuesday trading, Magnum Hunter Resources Corp's 8.0% Series D Cumulative Preferred Stock ( MHR.PRD) is currently off about 0.4% on the day, while the common shares ( MHR) are trading flat.

More from Stocks

PayPal Just Revealed a Clever New Deal With Google

PayPal Just Revealed a Clever New Deal With Google

Dow Tumbles as Trump Calls Off North Korea Summit

Dow Tumbles as Trump Calls Off North Korea Summit

Jim Cramer: Why I am So Bullish on Apple's Services Revenue

Jim Cramer: Why I am So Bullish on Apple's Services Revenue

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Jim Cramer: Does Saudi Arabia Think Oil Prices Are Too High?

Video: Jim Cramer on North Korea, Oil Prices, Apple and Carnival Corporation

Video: Jim Cramer on North Korea, Oil Prices, Apple and Carnival Corporation