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Teekay Offshore Partners' Series A Preferred Units Yield Pushes Past 10%

In trading on Wednesday, shares of Teekay Offshore Partners LP's 7.25% Series A Cumulative Redeemable Preferred Units (Symbol: TOO.PRA) were yielding above the 10% mark based on its quarterly dividend (annualized to $1.8124), with shares changing hands as low as $18.02 on the day. This compares to an average yield of 8.04% in the "Energy" preferred stock category, according to Preferred Stock Channel . As of last close, TOO.PRA was trading at a 27.32% discount to its liquidation preference amount, versus the average discount of 16.85% in the "Energy" category.

Performance Comparison Chart

Below is a dividend history chart for TOO.PRA, showing historical dividend payments on Teekay Offshore Partners LP's 7.25% Series A Cumulative Redeemable Preferred Units :

TOO.PRA+Dividend+History+Chart

In Wednesday trading, Teekay Offshore Partners LP's 7.25% Series A Cumulative Redeemable Preferred Units (Symbol: TOO.PRA) is currently off about 0.3% on the day, while the common shares (Symbol: TOO) are up about 0.4%.

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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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