EPM Pfd: High Yield + monthly dividends

[dan_s]

For those of you looking for high yield, the EPM pfd is probably a very safe bet. These guys are ultra conservative and the company is debt free and generating lots of free cash flow. It pays dividends monthly and the current yield is about 7.6%.

HOUSTON, Feb. 6, 2012 /PRNewswire/ -- Evolution Petroleum Corporation (NYSE Amex: EPM) today declared a monthly cash dividend on its perpetual non-convertible 8.5% Series A Cumulative Preferred Stock.

The dividend is for the month of February 2012 and is payable on February 29, 2012 to holders of record at the close of business on February 17, 2012. The payment will be 1/12th of the 8.5% annualized amount, or approximately $0.177083 per share, based on the $25.00 per share liquidation preference.

The Series A Preferred Stock is listed on the NYSE AMEX and trades under the ticker symbol "EPM.PRA."