In trading on Friday, shares of Molycorp Inc.'s 5.50% Series A Mandatory Convertible Preferred Stock (NYSE: MCP.PRA) were yielding above the 13% mark based on its quarterly dividend (annualized to $5.50), with shares changing hands as low as $42.30 on the day. As of last close, MCP.PRA was trading at a 56.75% 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:
In Friday trading, Molycorp Inc.'s 5.50% Series A Mandatory Convertible Preferred Stock (NYSE: MCP.PRA) is currently down about 2.2% on the day, while the common shares (NYSE: MCP) are down about 4.9%.
