Chesapeake Energy's Preferred Stock Crosses Above 8.5% Yield Territory
July 26, 2017 at 14:04 PM EDT
In trading on Wednesday, shares of Chesapeake Energy Corp.'s 4.50% Cumulative Convertible Preferred Stock (CHK. RD) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $4.50), with shares changing hands as low as $52.61 on the day.