Evolution Petroleum's Monthly Preferred Dividend Steady

For holders of Evolution Petroleum's (NYSEMKT: EPM  )  perpetual non-convertible 8.5% Series A cumulative preferred stock, investors will receive 1/12th of the 8.5% annualized amount, or approximately $0.177083 per share, based on the $25.00 per share liquidation preference.

Evolution's Series A preferred stock trades on the NYSE MKT (previously known as the Amex, or American Stock Exchange) under the symbol EPM.PR.A. However, since the securities have no stated maturity date, investors seeking liquidity will be limited to selling their shares in the secondary market and an active trading market for the shares may not develop for them.

Evolution is primarily engaged in the acquisition, exploitation, and development of onshore properties for the production of crude oil and natural gas in the U.S.


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2406912, ~/Articles/ArticleHandler.aspx, 10/21/2014 4:15:07 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement