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Ex-Dividend Reminder: Plains All American Pipeline, DCP Midstream and Holly Energy Partners
Wednesday, April 26, 1:30 PM ET, by Market News Video Staff

On 4/28/23, Plains All American Pipeline LP (PAA), DCP Midstream LP (DCP), and Holly Energy ...

Ex-Div Reminder for DCP Midstream Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
Tuesday, May 30, 1:33 PM ET, by Market News Video Staff

On 5/31/23, DCP Midstream LP's 7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ...

Ex-Div Reminder for Dcp Midstream LP Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units
Wednesday, June 28, 1:36 PM ET, by Market News Video Staff

On 6/30/23, Dcp Midstream LP Com's 7.95% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred ...

DCP Midstream LP's 7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units Goes Ex-Dividend Soon

By Preferred Stock Channel Staff, Wednesday, February 24, 1:40 PM ET
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On 2/26/21, DCP Midstream LP's 7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (DCP.PRB) will trade ex-dividend, for its quarterly dividend of $0.4922, payable on 3/15/21. As a percentage of DCP.PRB's recent share price of $23.19, this dividend works out to approximately 2.12%, so look for shares of DCP.PRB to trade 2.12% lower — all else being equal — when DCP.PRB shares open for trading on 2/26/21. On an annualized basis, the current yield is approximately 8.63%, which compares to an average yield of 8.75% in the "Energy" preferred stock category, according to Preferred Stock Channel.

As of last close, DCP.PRB was trading at a 8.72% discount to its liquidation preference amount. The chart below shows the one year performance of DCP.PRB shares, versus DCP:

Performance Comparison Chart

Below is a dividend history chart for DCP.PRB, showing historical dividends prior to the most recent $0.4922 on DCP Midstream LP's 7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units:


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In Wednesday trading, DCP Midstream LP's 7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (DCP.PRB) is currently up about 1.6% on the day, while the common shares (DCP) are up about 2.9%.


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