Chesapeake Energy's Preferred Stock Crosses Above 7.5% Yield Territory
April 25, 2017 at 15:56 PM EDT
In trading on Tuesday, shares of Chesapeake Energy Corp.'s 4.50% Cumulative Convertible Preferred Stock (CHK. RD) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $4.50), with shares changing hands as low as $59.27 on the day.