Escalera Resources Series A Preferred Stock Shares Cross 16.5% Yield Mark

In trading on Tuesday, shares of Escalera Resources Co's 9.25% Series A Cumulative Preferred Stock (ESCRP) were yielding above the 16.5% mark based on its quarterly dividend (annualized to $2.3125), with shares changing hands as low as $13.89 on the day. This compares to an average yield of 16.91% in the "Oil & Gas Exploration & Production" preferred stock category, according to Preferred Stock Channel..