On 11/27/13, Vanguard Natural Resource LLC's 7.875% Series A Cumulative Redeemable Perpetual Preferred Units (VNRAP) will trade ex-dividend, for its monthly dividend of $0.1641, payable on 12/14/13. As a percentage of VNRAP's recent share price of $26.40, this dividend works out to approximately 0.62%, so look for shares of VNRAP to trade 0.62% lower — all else being equal — when VNRAP shares open for trading on 11/27/13. On an annualized basis, the current yield is approximately 7.47%, which compares to an average yield of 5.77% in the "Energy" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Vanguard Natural Resource Series A Cumulative Redeemable Perpetual Preferred Units
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