NGL Energy Partners Class B Fixed-to-Floating Rate Cumulative Shares Cross 7.5% Yield MarkBy Preferred Stock Channel Staff, Thursday, February 15, 2:14 PM ETIn trading on Thursday, shares of NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative (NYSE:NGL.PRB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $28.18 on the day. This compares to an average yield of 7.78% in the "Oil & Gas Equipment & Services" preferred stock category, according to Preferred Stock Channel. As of last close, NGL.PRB was trading at a 27.88% premium to its liquidation preference amount, versus the average premium of 0.73% in the "Oil & Gas Equipment & Services" category. The chart below shows the one year performance of NGL.PRB shares, versus NGL:
Below is a dividend history chart for NGL.PRB, showing historical dividend payments on NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Thursday trading, NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative (NYSE:NGL.PRB) is currently up about 3.2% on the day, while the common shares (NYSE:NGL) are up about 0.6%.
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