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Teekay LNG Partners' Series A Preferred Shares Cross 9% Yield Mark

By Preferred Stock Channel Staff, Wednesday, October 6, 2:10 PM ET
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In trading on Wednesday, shares of Teekay LNG Partners LP's 9.00% Series A Cumulative Redeemable Perpetual Preferred Units (TGP.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $24.97 on the day. This compares to an average yield of 8.61% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, TGP.PRA was trading at a 0.28% premium to its liquidation preference amount, versus the average discount of 2.64% in the "Energy" category.

The chart below shows the one year performance of TGP.PRA shares, versus TGP:

Performance Comparison Chart

Below is a dividend history chart for TGP.PRA, showing historical dividend payments on Teekay LNG Partners LP's 9.00% Series A Cumulative Redeemable Perpetual Preferred Units:

Free Report: Top 7%+ Dividends (paid monthly)

In Wednesday trading, Teekay LNG Partners LP's 9.00% Series A Cumulative Redeemable Perpetual Preferred Units (TGP.PRA) is currently down about 0.1% on the day, while the common shares (TGP) are off about 0.1%.

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