On 12/30/13, 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 1/15/14. As a percentage of VNRAP's recent share price of $25.99, this dividend works out to approximately 0.63%, so look for shares of VNRAP to trade 0.63% lower — all else being equal — when VNRAP shares open for trading on 12/30/13. On an annualized basis, the current yield is approximately 7.58%, which compares to an average yield of 5.86% in the "Energy" preferred stock category, according to Preferred Stock Channel.
Reminder: Vanguard Natural Resource Series A Cumulative Redeemable Perpetual Preferred Units Goes Ex-Dividend Soon
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