NGL Energy Partners' Class B Preferred Shares Cross 11.5% Yield Mark
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NGL Energy Partners LP's 9.00% Class B Preferred Shares (NGL.PRB) yielded over 11.5% based on a quarterly dividend of $2.8648, trading as low as $24.82. This yield surpasses the average of 6.21% in the Oil & Gas Equipment & Services category. NGL.PRB was at a 0.24% discount to its liquidation preference, contrasting with the average premium of 7.84% in the sector. On the same day, NGL.PRB remained flat while common shares (NGL) rose by 2.5%.
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