PreferredStockChannel

ETP's Series D Preferred Shares Cross 8.5% Yield Mark

By Preferred Stock Channel Staff, Thursday, February 25, 2:27 PM ET

In trading on Thursday, shares of ETP's 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (ETP.PRD) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.9062), with shares changing hands as low as $22.11 on the day. This compares to an average yield of 7.74% in the "Oil & Gas Equipment & Services" preferred stock category, according to Preferred Stock Channel. As of last close, ETP.PRD was trading at a 9.00% discount to its liquidation preference amount, versus the average discount of 14.28% in the "Oil & Gas Equipment & Services" category.

The chart below shows the one year performance of ETP.PRD shares, versus ETP:

Performance Comparison Chart

Below is a dividend history chart for ETP.PRD, showing historical dividend payments on ETP's 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units :


Free Report: Top 7%+ Dividends (paid monthly)

In Thursday trading, ETP's 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (ETP.PRD) is currently down about 2.4% on the day, while the common shares (ETP) are trading flat.


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