Magnum Hunter Resources Series C Cumulative Perpetual Preferred Stock About To Put More Money In Your Pocket

On 9/12/13, Magnum Hunter Resources Corp's 10.25% Series C Cumulative Perpetual Preferred Stock (AMEX: MHR.PRC) will trade ex-dividend, for its monthly dividend of $0.2135, payable on 9/30/13. As a percentage of MHR.PRC's recent share price of $25.27, this dividend works out to approximately 0.84%, so look for shares of MHR.PRC to trade 0.84% lower -- all else being equal -- when MHR.PRC shares open for trading on 9/12/13. On an annualized basis, the current yield is approximately 10.14%, which ...