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NuStar Energy's Series C Preferred Units Yield Pushes Past 9%

In trading on Friday, 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 $24.91 on the day. This compares to an average yield of 8.32% in the "Energy" preferred stock category, according to Preferred Stock Channel . As of last close, NS.PRC was trading at a 1.84% premium to its liquidation preference amount, versus the average premium of 0.73% 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 Friday trading, NuStar Energy LP's 9.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Symbol: NS.PRC) is currently up about 0.4% on the day, while the common shares (Symbol: NS) are down about 1.1%.

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


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

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