In trading on Wednesday, shares of Blueknight Energy Partners L P's Series A Preferred Units (BKEPP) were yielding above the 8% mark based on its quarterly dividend (annualized to $0.715), with shares changing hands as low as $8.84 on the day. This compares to an average yield of 5.91% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, BKEPP was trading at a 38.62% premium to its liquidation preference amount, versus the average premium of 2.39% in the "Energy" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.
The chart below shows the one year performance of BKEPP shares, versus BKEP:
Below is a dividend history chart for BKEPP, showing historical dividend payments on Blueknight Energy Partners L P's Series A Preferred Units :
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