NGL Energy Partners' Class B Preferred Shares Cross 11 Yield Mark

NGL Energy Partners LP’s 9.00% Class B preferred (NGL.PRB) was trading with a quarterly-dividend-implied yield above 11%, annualized at about $2.7916 per share. Shares changed hands as low as $25.30 during Tuesday’s trading. The news is primarily yield/price-level focused and does not indicate a new fundamental or corporate action.

Analysis

NGL Energy Partners LP’s 9.00% Class B preferred (NGL.PRB) was trading with a quarterly-dividend-implied yield above 11%, annualized at about $2.7916 per share. Shares changed hands as low as $25.30 during Tuesday’s trading. The news is primarily yield/price-level focused and does not indicate a new fundamental or corporate action.