Cash Dividend On The Way From Magnum Hunter Resources Series C Cumulative Perpetual Preferred Stock

On 10/10/13, 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 10/31/13. As a percentage of MHR.PRC's recent share price of $25.30, 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 10/10/13. On an annualized basis, the current yield is approximately 10.14%, which...