On 5/13/13, Molycorp Inc.'s 5.50% Series A Mandatory Convertible Preferred Stock (NYSE: MCP.PRA) will trade ex-dividend, for its quarterly dividend of $1.375, payable on 6/1/13. As a percentage of MCP.PRA's recent share price of $22.99, this dividend works out to approximately 5.98%, so look for shares of MCP.PRA to trade 5.98% lower ? all else being equal ? when MCP.PRA shares open for trading on 5/13/13. On an annualized basis, the current yield is approximately 25.13%.
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