Goodrich Petroleum Drills Down on Preferred Dividend

Before you go, we thought you'd like these...
Before you go close icon

Independent oil and gas exploration and production company Goodrich Petroleum  announced yesterday its second-quarter dividend of $0.45139 per share on its 10.00% Series C cumulative preferred stock. Dividends are accumulative from April 10.

The board of directors said the quarterly dividend is payable on June 17 to the holders of record at the close of business on June 3. The preferred shares trade on the NYSE under the symbol GDP-PC.

Goodrich Petroleum does not pay a regular dividend on its common stock.

The article Goodrich Petroleum Drills Down on Preferred Dividend originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners