Double Eagle Petroleum Series A Cumulative Preferred Stock Shares Cross 9% Yield Mark

In trading on Friday, shares of Double Eagle Petroleum Co.'s 9.25% Series A Cumulative Preferred Stock (NASD: DBLEP) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.3125), with shares changing hands as low as $25.30 on the day. This compares to an average yield of 6.65% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel. As of last close, DBLEP was trading at a 3.28% premium to its liquidation preference am...