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On 7/12/17, Mitcham Industries Inc's 9.00% Series A Cumulative Preferred Stock (Symbol: MINDP) will trade ex-dividend, for its quarterly dividend of $0.5625, payable on 7/31/17. As a percentage of MINDP's recent share price of $23.26, this dividend works out to approximately 2.42%, so look for shares of MINDP to trade 2.42% lower - all else being equal - when MINDP shares open for trading on 7/12/17. On an annualized basis, the current yield is approximately 9.72%. The chart below shows the one year performance of MINDP shares, versus MIND:
Below is a dividend history chart for MINDP, showing historical dividends prior to the most recent $0.5625 on Mitcham Industries Inc's 9.00% Series A Cumulative Preferred Stock:
In Monday trading, Mitcham Industries Inc's 9.00% Series A Cumulative Preferred Stock (Symbol: MINDP) is currently up about 0.5% on the day, while the common shares (Symbol: MIND) are down about 2.3%.
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
