Chesapeake Energy's Preferred Stock Crosses Above 5% Yield Territory
January 14, 2015 at 14:14 PM EST
In trading on Wednesday, shares of Chesapeake Energy Corp.'s 4.50% Cumulative Convertible Preferred Stock (CHK. RD) 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.