GMX Resources Inc.'s 9.25% Series B Cumulative Preferred Stock Shares Cross 17% Yield Mark

In trading on Wednesday, shares of GMX Resources Inc.'s 9.25% Series B Cumulative Preferred Stock (GMXR. R) were yielding above the 17% mark based on its quarterly dividend (annualized to $2.3125), with shares changing hands as low as $13.50 on the day.
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