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Teekay LNG Partners LP's 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units Ex-Dividend Reminder

On 12/28/18, Teekay LNG Partners LP's 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Symbol: TGP.PRB) will trade ex-dividend, for its quarterly dividend of $0.5313, payable on 1/15/19. As a percentage of TGP.PRB's recent share price of $21.05, this dividend works out to approximately 2.52%, so look for shares of TGP.PRB to trade 2.52% lower - all else being equal - when TGP.PRB shares open for trading on 12/28/18. On an annualized basis, the current yield is approximately 10.42%, which compares to an average yield of 9.85% in the "Energy" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of TGP.PRB shares, versus TGP:

Performance Comparison Chart

Below is a dividend history chart for TGP.PRB, showing historical dividends prior to the most recent $0.5313 on Teekay LNG Partners LP's 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units:

TGP.PRB+Dividend+History+Chart

In Wednesday trading, Teekay LNG Partners LP's 8.50% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Symbol: TGP.PRB) is currently up about 3.2% on the day, while the common shares (Symbol: TGP) are up about 3.8%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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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