Cash Dividend On The Way From Goodrich Petroleum Corp.'s Series C Cumulative Preferred Stock

On 8/28/14, Goodrich Petroleum Corp.'s 10.00% Series C Cumulative Preferred Stock (NYSE: GDP.PRC) will trade ex-dividend, for its quarterly dividend of $0.625, payable on 9/15/14. As a percentage of GDP.PRC's recent share price of $26.78, this dividend works out to approximately 2.33%, so look for shares of GDP.PRC to trade 2.33% lower — all else being equal — when GDP.PRC shares open for trading on 8/28/14. On an annualized basis, the current yield is approximately 9.41%, which compares to ...