On 4/30/24, Energy Transfer LP’s 7.600% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Symbol: 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.
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 (Symbol: ET.PRE) is currently up about 0.1% on the day, while the common shares (Symbol: ET) are down about 0.1%.
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Also see:
CRSR market cap history
FRM Insider Buying
ETFs Holding CINF
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
