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Ex-Div Reminder for Energy Transfer Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units

By Preferred Stock Channel Staff, Friday, April 26, 1:37 PM ET
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On 4/30/24, Energy Transfer LP's 7.600% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (NYSE:ET.PRE) will trade ex-dividend, for its quarterly dividend of $0.475, payable on 5/15/24. As a percentage of ET.PRE's recent share price of $25.42, this dividend works out to approximately 1.87%, so look for shares of ET.PRE to trade 1.87% lower — all else being equal — when ET.PRE shares open for trading on 4/30/24. On an annualized basis, the current yield is approximately 7.48%, which compares to an average yield of 9.78% in the "Energy" preferred stock category, according to Preferred Stock Channel.

As of last close, ET.PRE was trading at a 1.60% premium to its liquidation preference amount, versus the average premium of 2.09% in the "Energy" category. The chart below shows the one year performance of ET.PRE shares, versus ET:

Performance Comparison Chart

Below is a dividend history chart for ET.PRE, showing historical dividends prior to the most recent $0.475 on Energy Transfer LP's 7.600% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units :


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In Friday trading, Energy Transfer LP's 7.600% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (NYSE:ET.PRE) is currently up about 0.1% on the day, while the common shares (NYSE:ET) are down about 0.1%.


This Article's Word Cloud:   Arial   Below   Channel   Cumulative   Dividend   Dividends   Energy   Fixed   Floating   Free   Friday   Going   NYSE   Perpetual   Preferred   Rate   Redeemable   Report   Series   Start   Stock   Stocks   Transfer   Units   about   according   afterLeftLabels   amount   annualized   approximately   average   axisColor   background   basis   beforeLeftLabels   being   below   category   chart   dividend   escape   fillColor   mdash   premium   recent   shares   trade   trading   versus   yield

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