On 10/12/18, 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 10/31/18. As a percentage of MINDP's recent share price of $23.55, this dividend works out to approximately 2.39%, so look for shares of MINDP to trade 2.39% lower - all else being equal - when MINDP shares open for trading on 10/12/18. On an annualized basis, the current yield is approximately 9.54%, which compares to an average yield of 9.00% in the "Oil & Gas Equipment & Services" preferred stock category, according to Preferred Stock Channel . 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 Thursday trading, Mitcham Industries Inc's 9.00% Series A Cumulative Preferred Stock (Symbol: MINDP) is currently trading flat on the day, while the common shares (Symbol: MIND) are up about 1.4%.
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