NGL Energy Partners Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units Crosses Above 6.5% Yield Territory
March 29, 2021 at 14:42 PM EDT
In trading on Monday, shares of NGL Energy Partners LP's 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (NGL. RC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $2.4062), with shares changing hands as low as $15.07 on the day.
