PreferredStockChannel

Slideshow Highest Yielding Preferred Stocks

By Preferred Stock Channel Staff, updated Tue, July 7, 8:00 AM

#50. Global Partners LP | 9.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (NYSE:GLP.PRA) | 10.30% CURRENT YIELD

Discount to Liquidation Preference: -5.32%Average Discount in Category: -21.90%
Current Annualized Yield: 10.30%Average Yield in Category: 10.64%
Days Since Last Ex-Div Date: 64 | See Dividend History »Categorization: Energy

Series:A
Alternate symbology:GLP-A, GLP-PA, GLPprA
Redeemable?:Yes
Call Date:8/15/2023
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:2,400,000
Overallotment:360,000
Liquidation Preference:$25
Recent Market Price:$24.50
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-0.50 (-2.00%)
Annualized Dividend:2.4375
Recent Ex-Date:4/30/2020
Current Yield:9.95%
Original Coupon:9.75%
Pay Period:Quarterly
Pay Dates:15-Feb, 15-May, 15-Aug, 15-Nov
Global Partners is a master limited partnership that owns, controls or has access to a terminal network of refined petroleum products and renewable fuels. Co.'s segments are: Wholesale, which sells, gathers, blends, stores and transports refined petroleum products, gasoline blendstocks, renewable fuels, crude oil and propane; Gasoline Distribution and Station Operations, which sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; and Commercial, which includes sales and deliveries to end user customers in the public sector and to commercial and industrial end users of unbranded gasoline, home heating oil, diesel, kerosene, residual oil and bunker fuel.

Preferred: GLP.PRA


Open the GLP Information Page »
Name: 
Global Partners LP
Website: 
www.globalp.com
Sector: 
Oil & Gas Equipment & Services
Number of ETFs Holding GLP: 
1 (see which ones)
Total Market Value Held by ETFs: 
$92,086.91
Total Market Capitalization: 
$331,000,000
% of Market Cap. Held by ETFs: 
0.03%

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