Markets

Callon Petroleum's Series A Preferred Stock Shares Cross 9.5% Yield Mark

In trading on Thursday, shares of Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock (Symbol: CPE.PRA) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $5.00), with shares changing hands as low as $52.45 on the day. This compares to an average yield of 1.89% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel . As of last close, CPE.PRA was trading at a 5.62% premium to its liquidation preference amount, versus the average discount of 51.67% in the "Oil & Gas Exploration & Production" category.

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 dividend payments on Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock:

CPE.PRA+Dividend+History+Chart

In Thursday trading, Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock (Symbol: CPE.PRA) is currently down about 0.6% on the day, while the common shares (Symbol: CPE) are up about 1.9%.

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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