Apache Corp.'s Mandatory Convertible Preferred Stock, Series D Crosses Above 7% Yield Territory

In trading on Friday, shares of Apache Corp.'s 6.00% Mandatory Convertible Preferred Stock, Series D (NYSE: APA.PRD) were yielding above the 7% mark based on its quarterly dividend (annualized to $3.00), with shares changing hands as low as $42.67 on the day. This compares to an average yield of 6.14% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, APA.PRD was trading at a 13.64% discount to its liquidation preference amount, versus the average p...