Hoegh LNG Partners' Series A Preferred Shares Cross 8.5% Yield Mark

By Preferred Stock Channel Staff, Wednesday, May 12, 2:21 PM ET

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In trading on Wednesday, shares of Hoegh LNG Partners LP's 8.75% Series A Cumulative Redeemable Preferred Units (HMLP.PRA) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $25.57 on the day. This compares to an average yield of 8.24% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, HMLP.PRA was trading at a 3.68% premium to its liquidation preference amount, versus the average discount of 0.09% in the "Energy" category.

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

Performance Comparison Chart

Below is a dividend history chart for HMLP.PRA, showing historical dividend payments on Hoegh LNG Partners LP's 8.75% Series A Cumulative Redeemable Preferred Units:

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

In Wednesday trading, Hoegh LNG Partners LP's 8.75% Series A Cumulative Redeemable Preferred Units (HMLP.PRA) is currently off about 0.4% on the day, while the common shares (HMLP) are up about 1.4%.

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Hoegh LNG Partners' Series A Preferred Shares Cross 8.5% Yield Mark

Hoegh LNG Partners' Series A Preferred Shares Cross 8.5% Yield Mark | www.PreferredStockChannel.com