Vanguard Natural Resources' Series A Preferred Shares Cross 9% Yield Mark
September 09, 2015 at 14:13 PM EDT
In trading on Wednesday, shares of Vanguard Natural Resources LLC's 7.875% Series A Cumulative Redeemable Perpetual Preferred Units (VNRAP) were yielding above the 9% mark based on its monthly dividend (annualized to $1.9692), with shares changing hands as low as $21.25 on the day. This compares to an average yield of 8.04% in the "Energy" preferred stock category, according to Preferred Stock Channel..