Kinder Morgan's Series A Preferred Stock Shares Cross 10.5% Yield Mark


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In trading on Thursday, shares of Kinder Morgan Inc.'s 9.75% Series A Mandatory Convertible Preferred Stock (Symbol: KMI.PRA) were yielding above the 10.5% mark based on its quarterly dividend (annualized to $4.875), with shares changing hands as low as $46.20 on the day. This compares to an average yield of 8.39% in the "Energy" preferred stock category, according to Preferred Stock Channel . As of last close, KMI.PRA was trading at a 5.50% discount to its liquidation preference amount, versus the average discount of 2.20% in the "Energy" category. It should be noted that the preferred shares are convertible .

The chart below shows the one year performance of KMI.PRA shares, versus KMI:

Performance Comparison Chart

Below is a dividend history chart for KMI.PRA, showing historical dividend payments on Kinder Morgan Inc.'s 9.75% Series A Mandatory Convertible Preferred Stock:

KMI.PRA+Dividend+History+Chart

In Thursday trading, Kinder Morgan Inc.'s 9.75% Series A Mandatory Convertible Preferred Stock (Symbol: KMI.PRA) is currently off about 2% on the day, while the common shares (Symbol: KMI) are off about 1.5%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas
Referenced Symbols: KMI.PRA , KMI


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