Gastar Exploration's Series B Preferred Stock Crosses Above 11% Yield Territory

In trading on Tuesday, shares of Gastar Exploration Inc.'s 10.75% Series B Cumulative Preferred Stock ( GST.PRB) were yielding above the 11% mark based on its monthly dividend (annualized to $2.6875), with shares changing hands as low as $24.36 on the day. This compares to an average yield of 11.85% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel. As of last close, GST.PRB was trading at a 0.32% discount to its liquidation preference amount, versus the average discount of 42.94% in the "Oil & Gas Exploration & Production" category.

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The chart below shows the one year performance of GST.PRB shares, versus GST:

Performance Comparison Chart

Below is a dividend history chart for GST.PRB, showing historical dividend payments on Gastar Exploration Inc.'s 10.75% Series B Cumulative Preferred Stock:

GST.PRB+Dividend+History+Chart

In Tuesday trading, Gastar Exploration Inc.'s 10.75% Series B Cumulative Preferred Stock ( GST.PRB) is currently down about 2.1% on the day, while the common shares ( GST) are down about 9.5%.

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