NuStar Energy's Series A Preferred Shares Cross 10% Yield Mark

By Preferred Stock Channel Staff, Thursday, March 4, 2:20 PM ET

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In trading on Thursday, shares of NuStar Energy LP's 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (NYSE:NS.PRA) were yielding above the 10% mark based on its quarterly dividend (annualized to $2.125), with shares changing hands as low as $21.12 on the day. This compares to an average yield of 8.71% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, NS.PRA was trading at a 14.92% discount to its liquidation preference amount, versus the average discount of 4.79% in the "Energy" category.

The chart below shows the one year performance of NS.PRA shares, versus NS:

Performance Comparison Chart

Below is a dividend history chart for NS.PRA, showing historical dividend payments on NuStar Energy LP's 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units :

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In Thursday trading, NuStar Energy LP's 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (NYSE:NS.PRA) is currently up about 0.1% on the day, while the common shares (NYSE:NS) are up about 0.6%.

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NuStar Energy's Series A Preferred Shares Cross 10% Yield Mark

NuStar Energy's Series A Preferred Shares Cross 10% Yield Mark | www.PreferredStockChannel.com