Teekay Offshore Partners Series A Cumulative Redeemable Preferred Units Ex-Dividend Reminder
On 2/6/17, Teekay Offshore Partners LP's 7.25% Series A Cumulative Redeemable Preferred Units (Symbol: TOO.PRA) will trade ex-dividend, for its quarterly dividend of $0.4531, payable on 2/15/17. As a percentage of TOO.PRA's recent share price of $20.50, this dividend works out to approximately 2.21%, so look for shares of TOO.PRA to trade 2.21% lower - all else being equal - when TOO.PRA shares open for trading on 2/6/17. On an annualized basis, the current yield is approximately 8.88%, which compares to an average yield of 8.45% in the "Energy" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of TOO.PRA shares, versus TOO:
Below is a dividend history chart for TOO.PRA, showing historical dividends prior to the most recent $0.4531 on Teekay Offshore Partners LP's 7.25% Series A Cumulative Redeemable Preferred Units :
According to the ETF Finder at ETF Channel, Teekay Offshore Partners LP (Symbol: TOO) makes up 3.20% of the PowerShares International Dividend Achievers Portfolio ETF ( PID ) which is trading relatively unchanged on the day Thursday.
In Thursday trading, Teekay Offshore Partners LP's 7.25% Series A Cumulative Redeemable Preferred Units (Symbol: TOO.PRA) is currently up about 0.4% on the day, while the common shares (Symbol: TOO) are trading flat.