On 6/28/19, NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative (Symbol: NGL.PRB) will trade ex-dividend, for its quarterly dividend of $0.5625, payable on 7/15/19. As a percentage of NGL.PRB's recent share price of $25.01, this dividend works out to approximately 2.25%, so look for shares of NGL.PRB to trade 2.25% lower — all else being equal — when NGL.PRB shares open for trading on 6/28/19. On an annualized basis, the current yield is approximately 9.01%, which compares to an average yield of 8.95% in the "Energy" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of NGL.PRB shares, versus NGL:

Below is a dividend history chart for NGL.PRB, showing historical dividends prior to the most recent $0.5625 on NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative:

In Wednesday trading, NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate Cumulative (Symbol: NGL.PRB) is currently off about 0.2% on the day, while the common shares (Symbol: NGL) are up about 3.2%.
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