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Featured MNV Articles: | ETP's Series D Preferred Shares Cross 8.5% Yield MarkBy Preferred Stock Channel Staff, Thursday, February 25, 2:27 PM ET
In trading on Thursday, shares of ETP's 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (ETP.PRD) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.9062), with shares changing hands as low as $22.11 on the day. This compares to an average yield of 7.74% in the "Oil & Gas Equipment & Services" preferred stock category, according to Preferred Stock Channel. As of last close, ETP.PRD was trading at a 9.00% discount to its liquidation preference amount, versus the average discount of 14.28% in the "Oil & Gas Equipment & Services" category. The chart below shows the one year performance of ETP.PRD shares, versus ETP:
Below is a dividend history chart for ETP.PRD, showing historical dividend payments on ETP's 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units :
Free Report: Top 7%+ Dividends (paid monthly) In Thursday trading, ETP's 7.625% Series D Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (ETP.PRD) is currently down about 2.4% on the day, while the common shares (ETP) are trading flat.
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