Callon Petroleum Series A Cumulative Preferred Stock Ex-Dividend Reminder

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On 9/14/17, Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock (Symbol: CPE.PRA) will trade ex-dividend, for its quarterly dividend of $1.25, payable on 9/29/17. As a percentage of CPE.PRA's recent share price of $52.81, this dividend works out to approximately 2.37%, so look for shares of CPE.PRA to trade 2.37% lower - all else being equal - when CPE.PRA shares open for trading on 9/14/17. On an annualized basis, the current yield is approximately 9.47%, which compares to an average yield of 1.89% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of CPE.PRA shares, versus CPE:

Performance Comparison Chart

Below is a dividend history chart for CPE.PRA, showing historical dividends prior to the most recent $1.25 on Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock:


According to the ETF Finder at ETF Channel, Callon Petroleum Co. (Symbol: CPE) makes up 2.17% of the PowerShares DWA Energy Momentum Portfolio ETF ( PXI ) which is trading higher by about 2.1% on the day Tuesday.

In Tuesday trading, Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock (Symbol: CPE.PRA) is currently trading flat on the day, while the common shares (Symbol: CPE) are up about 4.8%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas
Referenced Symbols: PXI , CPE.PRA , CPE

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