NuStar Energy's Series B Preferred Shares Cross 8.5% Yield Mark

By Preferred Stock Channel Staff, Monday, January 3, 2:13 PM ET

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In trading on Monday, shares of NuStar Energy LP's 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (NYSE:NS.PRB) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.9063), with shares changing hands as low as $22.25 on the day. This compares to an average yield of 8.06% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, NS.PRB was trading at a 10.00% discount to its liquidation preference amount, versus the average premium of 0.53% in the "Energy" category.

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

Performance Comparison Chart

Below is a dividend history chart for NS.PRB, showing historical dividend payments on NuStar Energy LP's 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units :

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In Monday trading, NuStar Energy LP's 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (NYSE:NS.PRB) is currently down about 0.6% on the day, while the common shares (NYSE:NS) are up about 1.8%.

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NuStar Energy's Series B Preferred Shares Cross 8.5% Yield Mark

NuStar Energy's Series B Preferred Shares Cross 8.5% Yield Mark | www.PreferredStockChannel.com