Legacy Reserves' 8% Series A Preferred Units Shares Cross 9.5% Yield Mark

In trading on Wednesday, shares of Legacy Reserves LP's 8% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (LGCYP) were yielding above the 9.5% mark based on its monthly dividend (annualized to $2.00), with shares changing hands as low as $20.97 on the day. This compares to an average yield of 7.64% in the "Energy" preferred stock category, according to Preferred Stock Channel..