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

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:

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 2.30% 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.

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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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CPE PXI