Markets

NuStar Energy's Series A Preferred Units Cross Above 11.5% Yield Territory

In trading on Monday, shares of NuStar Energy LP's 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Symbol: NS.PRA) were yielding above the 11.5% mark based on its quarterly dividend (annualized to $2.125), with shares changing hands as low as $18.31 on the day. This compares to an average yield of 9.60% in the "Energy" preferred stock category, according to Preferred Stock Channel . As of last close, NS.PRA was trading at a 22.80% discount to its liquidation preference amount, versus the average discount of 19.22% in the "Energy" category.

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

Performance Comparison Chart

Below is a dividend history chart for NS.PRA, showing historical dividend payments on NuStar Energy LP's 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units :

NS.PRA+Dividend+History+Chart

In Monday trading, NuStar Energy LP's 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Symbol: NS.PRA) is currently down about 4.6% on the day, while the common shares (Symbol: NS) are off about 3.8%.

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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