Forbes -
25 Nov 2013 20:45

On 11/27/13, 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 12/16/13. As a percentage of CHK.PRD's recent share price of $92.01, this dividend works out to approximately 1.22%, so look for shares of CHK.PRD to trade 1.22% lower -- all else being equal -- when CHK.PRD shares open for trading on 11/27/13. On an annualized basis, the current yield is approximately 4.91%, which compares t...
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