Markets

Callon Petroleum Series A Cumulative Preferred Stock About To Put More Money In Your Pocket

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Shutterstock photo

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On 3/11/16, 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 3/31/16. As a percentage of CPE.PRA's recent share price of $46.00, this dividend works out to approximately 2.72%, so look for shares of CPE.PRA to trade 2.72% lower - all else being equal - when CPE.PRA shares open for trading on 3/11/16. On an annualized basis, the current yield is approximately 10.87%, which compares to an average yield of 25.13% 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:

CPE.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Callon Petroleum Co. (Symbol: CPE) makes up 2.30% of the PowerShares DWA Energy Momentum Portfolio ETF ( PXI ) which is trading higher by about 3% on the day Wednesday.

In Wednesday 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 0.8%.

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.


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

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