Energy Transfer's Preferred Stock Shares Cross 8% Yield Mark
In trading on Friday, shares of Energy Transfer LP's 9.25% Preferred Partnership Units -144A STOCK (Symbol: ET.PRI) were yielding above the 8% mark based on its quarterly dividend (annualized to $0.8444), with shares changing hands as low as $10.48 on the day. This compares to an average yield of 6.45% in the "Oil & Gas Equipment & Services" preferred stock category, according to Preferred Stock Channel. As of last close, ET.PRI was trading at a 18.84% premium to its liquidation preference amount, versus the average premium of 4.98% in the "Oil & Gas Equipment & Services" category.
Below is a dividend history chart for ET.PRI, showing historical dividend payments on Energy Transfer LP's 9.25% Preferred Partnership Units -144A STOCK:
In Friday trading, Energy Transfer LP's 9.25% Preferred Partnership Units -144A STOCK (Symbol: ET.PRI) is currently down about 3.3% on the day, while the common shares (Symbol: ET) are down about 0.4%.
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Further ET.PRI Research:
