Preferred Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door Stock message boards
Quotes delayed 20 minutes


Buy (2.90 out of 4)
37th percentile
(ranked lower than approx. 63% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com
www.valueforum.com/7/
Free Preferred Stock Newsletter
Gain access to weekly reports with featured preferred stock screens, new preferred stock offerings, and more.

Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Wednesday, April 24, 8:19 AM

Slide #35. DCP Midstream, LP Preferred Stock Offering

Company: DCP Midstream, LP (NYSE:DCP)
Date announced: 5/9/2018
Shares Offered: 6,000,000
Date of Pricing: 5/9/2018
Price Per Share: $25.00
Preferred Stock Offering Details: DCP Midstream, LP (NYSE:DCP) ("DCP") announced today that it has priced an underwritten public offering of 6,000,000 of its 7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series B Preferred Units") at a price of $25.00 per unit. DCP also granted the underwriters a 30-day option to purchase up to 900,000 additional Series B Preferred Units. Distributions on the Series B Preferred Units will be payable quarterly and are cumulative from and including the original issue date to, but not including, June 15, 2023 at a fixed rate equal to 7.875% per annum of the stated liquidation preference of $25.00 per unit. On and after June 15, 2023, distributions on the Series B Preferred Units will accumulate for each distribution period at a percentage of the liquidation preference equal to the three-month LIBOR plus a spread of 4.919%. The offering is expected to close on May 11, 2018, subject to the satisfaction of customary closing conditions.

DCP Midstream is a limited partnership that owns, operates, acquires and develops a portfolio of midstream energy assets. Co.'s operations are organized into two reportable segments: Gathering and Processing; and Logistics and Marketing. Co.'s Gathering and Processing segment consists of gathering, compressing, treating, and processing natural gas, producing and fractionating natural gas liquids (NGLs), and recovering condensate. Co.'s Logistics and Marketing segment includes transporting, trading, marketing and storing natural gas and NGLs, fractionating NGLs and wholesale propane logistics.
Open the DCP Page at Preferred Stock Channel »

Name:  DCP Midstream LP
Website:  www.dcpmidstream.com
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding DCP:  4 (see which ones)
Total Market Value Held by ETFs:  $8,310,118
Total Market Capitalization:  $4,520,000,000
% of Market Cap. Held by ETFs:  0.18%
 

Open the DCP Page at Preferred Stock Channel (in a new window) »

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Preferred Stock Offerings - Slide 35 of 457 | www.PreferredStockChannel.com | Copyright © 2011 - 2019, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.