On 3/28/14, 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 4/15/14. As a percentage of VNRAP's recent share price of $25.70, this dividend works out to approximately 0.64%, so look for shares of VNRAP to trade 0.64% lower — all else being equal — when VNRAP shares open for trading on 3/28/14. On an annualized basis, the current yield is approximately 7.66%, which compares to an average yield of 6.43% in the "Energy" preferred stock category, according to Preferred Stock Channel.
Vanguard Natural Resource Series A Cumulative Redeemable Perpetual Preferred Units Ex-Dividend Reminder
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