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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:

Performance Comparison Chart

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 :

CHK.PRD+Dividend+History+Chart

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.


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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