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Ex-Div Reminder for Magnum Hunter Resources Corp's Series D Cumulative Preferred Stock

On 6/12/14, Magnum Hunter Resources Corp's 8.0% Series D Cumulative Preferred Stock (Symbol: MHR.PRD) will trade ex-dividend, for its monthly dividend of $0.3333, payable on 6/30/14. As a percentage of MHR.PRD's recent share price of $49.82, this dividend works out to approximately 0.67%, so look for shares of MHR.PRD to trade 0.67% lower - all else being equal - when MHR.PRD shares open for trading on 6/12/14. On an annualized basis, the current yield is approximately 8.01%, which compares to an average yield of 8.64% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of MHR.PRD shares, versus MHR:

Performance Comparison Chart

Below is a dividend history chart for MHR.PRD, showing historical dividends prior to the most recent $0.3333 on Magnum Hunter Resources Corp's 8.0% Series D Cumulative Preferred Stock:

MHR.PRD+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Magnum Hunter Resources Corp (Symbol: MHR) makes up 3.40% of the First Trust ISE-Revere Natural Gas Index Fund ETF ( FCG ) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Magnum Hunter Resources Corp's 8.0% Series D Cumulative Preferred Stock (Symbol: MHR.PRD) is currently down about 0.2% on the day, while the common shares (Symbol: MHR) are trading flat.

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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