In trading on Monday, shares of Teekay LNG Partners LP's 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Symbol: TGP.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.1252), with shares changing hands as low as $25.16 on the day. This compares to an average yield of 8.19% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, TGP.PRB was trading at a 8.00% premium to its liquidation preference amount, versus the average discount of 0.88% in the "Energy" category.
Below is a dividend history chart for TGP.PRB, showing historical dividend payments on Teekay LNG Partners LP's 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units:
In Monday trading, Teekay LNG Partners LP's 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Symbol: TGP.PRB) is currently off about 6.6% on the day, while the common shares (Symbol: TGP) are up about 8.7%.
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