Miller Energy Resources Series D Preferred Stock Crosses Above 11.5% Yield Territory

In trading on Wednesday, shares of Miller Energy Resources, Inc.'s 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock (MILL.PRD) were yielding above the 11.5% mark based on its quarterly dividend (annualized to $2.625), with shares changing hands as low as $22.54 on the day. This compares to an average yield of 9.28% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel. As of last close, MILL.PRD was trading at a 8.52% discount to its liquidation preference amount, versus the average discount of 6.01% in the "Oil & Gas Exploration & Production" category.

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

Performance Comparison Chart

Below is a dividend history chart for MILL.PRD, showing historical dividend payments on Miller Energy Resources, Inc.'s 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock:

MILL.PRD+Dividend+History+Chart

In Wednesday trading, Miller Energy Resources, Inc.'s 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock ( MILL.PRD) is currently up about 1.5% on the day, while the common shares ( MILL) are up about 0.6%.

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