In trading on Wednesday, shares of Chesapeake Energy Corp.'s 4.50% Cumulative Convertible Preferred Stock (NYSE: CHK.PRD) were yielding above the 5% mark based on its quarterly dividend (annualized to $4.50), with shares changing hands as low as $89.90 on the day. This compares to an average yield of 8.12% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, CHK.PRD was trading at a 9.69% discount to its liquidation preference amount, versus the average discount of 2.79% in the "Energy" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 2.2639.
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The chart below shows the one year performance of CHK.PRD shares, versus CHK:
Below is a dividend history chart for CHK.PRD, showing historical dividend payments on Chesapeake Energy Corp.'s 4.50% Cumulative Convertible Preferred Stock :
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In Wednesday trading, Chesapeake Energy Corp.'s 4.50% Cumulative Convertible Preferred Stock (NYSE: CHK.PRD) is currently up about 0.3% on the day, while the common shares (NYSE: CHK) are off about 0.9%.
