Magnum Hunter Resources Series C Preferred Stock Shares Cross 16.5% Yield Mark

In trading on Wednesday, shares of Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock ( MHR.PRC) were yielding above the 16.5% mark based on its monthly dividend (annualized to $2.562), with shares changing hands as low as $15.50 on the day. This compares to an average yield of 13.84% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel. As of last close, MHR.PRC was trading at a 36.80% discount to its liquidation preference amount, versus the average discount of 47.25% in the "Oil & Gas Exploration & Production" category.

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

Performance Comparison Chart

Below is a dividend history chart for MHR.PRC, showing historical dividend payments on Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock:

MHR.PRC+Dividend+History+Chart

In Wednesday trading, Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock ( MHR.PRC) is currently off about 1.3% on the day, while the common shares ( MHR) are trading flat.

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