Chesapeake Energy Cumulative Convertible Preferred Stock About To Put More Money In Your Pocket

On 11/27/15, Chesapeake Energy Corp.'s 4.50% Cumulative Convertible Preferred Stock (Symbol: CHK.PRD) will trade ex-dividend, for its quarterly dividend of $1.125, payable on 12/15/15. As a percentage of CHK.PRD's recent share price of $41.15, this dividend works out to approximately 2.73%, so look for shares of CHK.PRD to trade 2.73% lower - all else being equal - when CHK.PRD shares open for trading on 11/27/15. On an annualized basis, the current yield is approximately 10.98%, which compares to an average yield of 10.10% in the "Energy" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of CHK.PRD shares, versus CHK:

Below is a dividend history chart for CHK.PRD, showing historical dividends prior to the most recent $1.125 on Chesapeake Energy Corp.'s 4.50% Cumulative Convertible Preferred Stock :

According to the ETF Finder at ETF Channel, Chesapeake Energy Corp. (Symbol: CHK) makes up 2.58% of the First Trust ISE-Revere Natural Gas Index Fund ETF ( FCG ) which is trading higher by about 0.3% on the day Wednesday.

In Wednesday trading, Chesapeake Energy Corp.'s 4.50% Cumulative Convertible Preferred Stock (Symbol: CHK.PRD) is currently up about 0.4% on the day, while the common shares (Symbol: CHK) are down about 0.6%.

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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