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Cash Dividend On The Way From Callon Petroleum Series A Cumulative Preferred Stock

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On 3/14/18, 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 3/30/18. As a percentage of CPE.PRA's recent share price of $51.99, this dividend works out to approximately 2.40%, so look for shares of CPE.PRA to trade 2.40% lower - all else being equal - when CPE.PRA shares open for trading on 3/14/18. On an annualized basis, the current yield is approximately 9.71%, which compares to an average yield of 1.94% 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 2.10% of the SPDR S&P Oil & Gas Exploration & Production ETF ( XOP ) which is trading relatively unchanged on the day Monday.

In Monday trading, Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock (Symbol: CPE.PRA) is currently up about 0.4% on the day, while the common shares (Symbol: CPE) are off about 0.1%.

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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