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| Energy Transfer' Series C Preferred Shares Cross 7.5% Yield MarkBy Preferred Stock Channel Staff, Wednesday, May 31, 3:03 PM ET
In trading on Wednesday, shares of Energy Transfer LP's 7.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (NYSE:ET.PRC) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.8438), with shares changing hands as low as $24.57 on the day. This compares to an average yield of 9.02% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, ET.PRC was trading at a 0.88% discount to its liquidation preference amount, versus the average discount of 1.67% in the "Energy" category. The chart below shows the one year performance of ET.PRC shares, versus ET:
Below is a dividend history chart for ET.PRC, showing historical dividend payments on Energy Transfer LP's 7.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units :
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Wednesday trading, Energy Transfer LP's 7.375% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (NYSE:ET.PRC) is currently down about 0.1% on the day, while the common shares (NYSE:ET) are off about 0.4%.
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