Whiting Petroleum Corp's Convertible Perpetual Preferred Stock About To Put More Money In Your Pocket

On 2/27/13, Whiting Petroleum Corp's 6.25% Convertible Perpetual Preferred Stock (NYSE: WLL.PRA) will trade ex-dividend, for its quarterly dividend of $1.5625, payable on 3/15/13. As a percentage of WLL.PRA's recent share price of $232.44, this dividend works out to approximately 0.67%, so look for shares of WLL.PRA to trade 0.67% lower -- all else being equal -- when WLL.PRA shares open for trading on 2/27/13. On an annualized basis, the current yield is approximately 2.82%, which compares to a...