Cash Dividend On The Way From Chesapeake Energy Corp.'s Cumulative Convertible Preferred Stock

On 5/30/13, Chesapeake Energy Corp.'s 4.50% Cumulative Convertible Preferred Stock (NYSE: CHK.PRD) will trade ex-dividend, for its quarterly dividend of $1.125, payable on 6/17/13. As a percentage of CHK.PRD's recent share price of $92.92, this dividend works out to approximately 1.21%, so look for shares of CHK.PRD to trade 1.21% lower -- all else being equal -- when CHK.PRD shares open for trading on 5/30/13. On an annualized basis, the current yield is approximately 4.87%, which compares to a...