NuStar Energy's Series C Preferred Units Yield Pushes Past 9%

By Preferred Stock Channel Staff, Monday, September 20, 2:51 PM ET

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In trading on Monday, shares of NuStar Energy LP's 9.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (NYSE:NS.PRC) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $24.72 on the day. This compares to an average yield of 8.11% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, NS.PRC was trading at a 0.20% premium to its liquidation preference amount, versus the average premium of 0.12% in the "Energy" category.

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

Performance Comparison Chart

Below is a dividend history chart for NS.PRC, showing historical dividend payments on NuStar Energy LP's 9.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units :

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

In Monday trading, NuStar Energy LP's 9.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (NYSE:NS.PRC) is currently down about 0.6% on the day, while the common shares (NYSE:NS) are off about 2%.

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NuStar Energy's Series C Preferred Units Yield Pushes Past 9%

NuStar Energy's Series C Preferred Units Yield Pushes Past 9% | www.PreferredStockChannel.com