Ex-Div Reminder for Teekay LNG Partners LP's 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

By Preferred Stock Channel Staff, Monday, September 27, 1:30 PM ET

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On 9/29/21, Teekay LNG Partners LP's 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (TGP.PRB) will trade ex-dividend, for its quarterly dividend of $0.5313, payable on 10/15/21. As a percentage of TGP.PRB's recent share price of $27.37, this dividend works out to approximately 1.94%, so look for shares of TGP.PRB to trade 1.94% lower — all else being equal — when TGP.PRB shares open for trading on 9/29/21. On an annualized basis, the current yield is approximately 7.78%, which compares to an average yield of 8.13% in the "Energy" preferred stock category, according to Preferred Stock Channel.

As of last close, TGP.PRB was trading at a 9.20% premium to its liquidation preference amount. The chart below shows the one year performance of TGP.PRB shares, versus TGP:

Performance Comparison Chart

Below is a dividend history chart for TGP.PRB, showing historical dividends prior to the most recent $0.5313 on Teekay LNG Partners LP's 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units:

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

In Monday trading, Teekay LNG Partners LP's 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (TGP.PRB) is currently up about 0.3% on the day, while the common shares (TGP) are up about 0.7%.

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Ex-Div Reminder for Teekay LNG Partners LP's 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

Ex-Div Reminder for Teekay LNG Partners LP's 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units | www.PreferredStockChannel.com