Teekay Offshore Partners Series A Cumulative Redeemable Preferred Units Ex-Dividend Reminder

On 8/7/18, 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 8/15/18. As a percentage of TOO.PRA's recent share price of $23.11, this dividend works out to approximately 1.96%, so look for shares of TOO.PRA to trade 1.96% lower - all else being equal - when TOO.PRA shares open for trading on 8/7/18. On an annualized basis, the current yield is approximately 7.88%, which compares to an average yield of 8.36% 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 :

In Friday trading, Teekay Offshore Partners LP's 7.25% Series A Cumulative Redeemable Preferred Units (Symbol: TOO.PRA) is currently down about 1% on the day, while the common shares (Symbol: TOO) are trading flat.

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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