On Friday, NGL Energy Partners LP’s 9.00% Class B Fixed-to-Floating Rate Cumulative shares (Symbol: NGL.PRB) yielded over 11.5% based on an annualized dividend of $2.8648, trading as low as $24.82. This compares to an average yield of 6.21% within the “Oil & Gas Equipment & Services” preferred stock category, according to Preferred Stock Channel.
At the last close, NGL.PRB was trading at a 0.24% discount to its liquidation preference, contrasting with the average premium of 7.84% in the same sector. While NGL.PRB remained flat during the trading session, the common shares (Symbol: NGL) saw a rise of approximately 2.5%.
