Markets

NuStar Energy's Series C Preferred Shares Cross 9% Yield Mark

In trading on Wednesday, shares of NuStar Energy LP's 9.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Symbol: NS.PRC) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $24.99 on the day. This compares to an average yield of 8.35% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, NS.PRC was trading at a 0.24% premium to its liquidation preference amount, versus the average premium of 1.36% in the "Energy" category.

Performance Comparison Chart

Below is a dividend history chart for NS.PRC, showing historical dividend payments on NuStar Energy LP's 9.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units :

NS.PRC+Dividend+History+Chart

In Wednesday trading, NuStar Energy LP's 9.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Symbol: NS.PRC) is currently down about 0.1% on the day, while the common shares (Symbol: NS) are off about 0.3%.

Click here to find out the 50 highest yielding preferreds »

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

In This Story

NS.PRC NS

Other Topics

Stocks Fixed Income