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| Ex-Div Reminder for Energy Transfer Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred UnitsBy Preferred Stock Channel Staff, Friday, April 26, 1:37 PM ET
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:
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 : Free Report: Top 8%+ Dividends (paid monthly)
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%.
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