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Preferreds Trading at the Largest Premiums
By Preferred Stock Channel Staff, updated Tuesday, April 23, 8:57 AM
#24. Global Partners LP | 9.50% Series B Fixed Rate Cumulative Red Perp Preferred Units (NYSE:GLP.PRB) | 5.04% CURRENT PREMIUM
Premium to Liquidation Preference: 5.04% | Average Premium in Category: 2.28% |
Current Annualized Yield: 9.04% | Average Yield in Category: 9.66% | Days Since Last Ex-Div Date: 11 | See Dividend History » | Categorization: Energy |
Series: | B | Alternate symbology: | GLP-B, GLP-PB, GLPprB | Redeemable?: | Yes | Call Date: | 5/15/2026 | Perpetual?: | Yes | Cumulative?: | Yes | Shares Offered: | 3,000,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $26.25 | Premium to Liquidation Preference: (More Preferreds Trading at a Premium ») | $1.25 (5.00%) | Annualized Dividend: | 2.375 | Recent Ex-Date: | 4/30/2024 | Current Yield: | 9.05% | Original Coupon: | 9.50% | Pay Period: | Quarterly | Pay Dates: | 15-Feb, 15-May, 15-Aug, 15-Nov | CDx3 Compliance Rating: |
Learn GLP.PRB's Rating
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Global Partners owns, controls, or has access to terminal networks of refined petroleum products and renewable fuels in Massachusetts, Maine, Connecticut, Vermont, New Hampshire, Rhode Island, New York, New Jersey and Pennsylvania. Co is engaged in the purchasing, selling, gathering, blending, storing and logistics of transporting petroleum and related products, including gasoline and gasoline blendstocks (such as ethanol), distillates (such as home heating oil, diesel and kerosene), residual oil, renewable fuels, crude oil and propane and in the transportation of petroleum products and renewable fuels by rail from the mid-continent region of the U.S. and Canada. Preferreds: GLP.PRA, GLP.PRB Open the GLP Information Page »
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