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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.


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Rich Duprey
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

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8/27/2015 4:01 PM
EPM $5.13 Up +0.10 +0.00%
Evolution Petroleu… CAPS Rating: ***

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