Magnum Hunter Resources Corp's 8.0% Series D Cumulative Preferred Stock Goes Ex-Dividend Soon

On 11/12/14, 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 12/1/14. As a percentage of MHR.PRD's recent share price of $45.50, this dividend works out to approximately 0.73%, so look for shares of MHR.PRD to trade 0.73% lower — all else being equal — when MHR.PRD shares open for trading on 11/12/14. On an annualized basis, the current yield is approximately 8.84%, which compares to an average yield of 9.49% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel.

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As of last close, MHR.PRD was trading at a 9.50% 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 3.47% of the First Trust ISE-Revere Natural Gas Index Fund ETF (FCG) which is trading relatively unchanged on the day Monday.

In Monday trading, Magnum Hunter Resources Corp's 8.0% Series D Cumulative Preferred Stock ( MHR.PRD) is currently up about 0.6% on the day, while the common shares ( MHR) are trading flat.

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