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Molycorp Inc.'s 5.50% Series A Mandatory Convertible Preferred Stock Shares Cross 18% Yield Mark
By Preferred Stock Channel Staff, Thursday, January 17, 2:58 PM ET
In trading on Thursday, shares of Molycorp Inc.'s 5.50% Series A Mandatory Convertible Preferred Stock (MCP.PRA) were yielding above the 18% mark based on its quarterly dividend (annualized to $5.50), with shares changing hands as low as $30.01 on the day. As of last close, MCP.PRA was trading at a 69.20% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible, with a conversion ratio of 1.6667 to 2.0000.
The chart below shows the one year performance of MCP.PRA shares, versus MCP:
Below is a dividend history chart for MCP.PRA, showing historical dividend payments on Molycorp Inc.'s 5.50% Series A Mandatory Convertible Preferred Stock:
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In Thursday trading, Molycorp Inc.'s 5.50% Series A Mandatory Convertible Preferred Stock (MCP.PRA) is currently off about 1.8% on the day, while the common shares (MCP) are down about 1.7%.
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