Boston, MA 10/04/2013 (wallstreetpr) – This week is the first week of the options trading at Penn Virginia Corporation (NYSE:PVA) whose contract would officially expire or “called for” on Nov. 16, 2013. These call contracts are worth investing in provided you have the awareness of the stock performance over the last six months or one year. A particular call contract is worth looking at.
If the investor purchases the specified lot / number of shares at the current stock price, then he / she reaps an overall benefit of 13%, after sell-to-open on the closing date. This sell-to-open price of $7.50 per share is around 14% more than last year’s average. So unless the Penn Virginia Corporation (NYSE:PVA) stock price really soars high (>14%) the investment can be termed as a good investment.
Just before the aforementioned trading started Penn Virginia Corporation (NYSE:PVA) had filed the necessary form 4 with SEC in order to honor its declaration of dividends on Oct. 1, 2013.
Declaration of dividend on preferred Depositary shares honored
On Sept. 19, 2013, the Directors of Penn Virginia Corporation (NYSE:PVA) had declared a cash dividend to the value $150.00 per share on its 6.00% series A convertible preferred stock. This means that $1.50 or 1% of the interest will be paid to recorded holders of the stock at the close on Oct. 1, 2013. According to Securities Exchange Commission, form 4, which is a statement of changes in beneficial ownership of securities, was filed by John U Clarke, Edward N Li Cloues, Steven W Krablin, Gary K Wright and Marsha Reines Perelman, who are the members of the board of directors.
Incidentally Penn Virginia Corporation (NYSE:PVA) also presented an investor presentation on October 1, 2013, at the John Rice 2013 Energy Conference, that took place in New Orleans, LA from September 30, 2013 to October 2, 2013.
