Vanguard Natural Resources Series A Cumulative Redeemable Perpetual Preferred Units Goes Ex-Dividend Soon

By BNK Invest. May 26, 2015, 01:50:52 PM EDT

On 5/28/15, Vanguard Natural Resources LLC's 7.875% Series A Cumulative Redeemable Perpetual Preferred Units (Symbol: VNRAP) will trade ex-dividend, for its monthly dividend of $0.1641, payable on 6/15/15. As a percentage of VNRAP's recent share price of $24.65, this dividend works out to approximately 0.67%, so look for shares of VNRAP to trade 0.67% lower - all else being equal - when VNRAP shares open for trading on 5/28/15. On an annualized basis, the current yield is approximately 8.01%, which compares to an average yield of 7.14% in the "Energy" preferred stock category, according to Preferred Stock Channel. The chart below shows the one

year performance of VNRAP shares, versus VNR:

Below is a dividend history chart for VNRAP, showing historical dividends prior to the most recent $0.1641 on Vanguard Natural Resources LLC's 7.875% Series A Cumulative Redeemable Perpetual Preferred Units:

According to the ETF Finder at ETF Channel, Vanguard Natural Resources LLC (Symbol: VNR) makes up 5.19% of the Junior MLP ETF ( MLPJ ) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Vanguard Natural Resources LLC's 7.875% Series A Cumulative Redeemable Perpetual Preferred Units (Symbol: VNRAP) is currently up about 0.3% on the day, while the common shares (Symbol: VNR) are trading flat.

Source: m.nasdaq.com

Category: Bank

Similar articles: