On 4/29/14, 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 5/15/14. As a percentage of VNRAP's recent share price of $25.71, 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 4/29/14. On an annualized basis, the current yield is approximately 7.66%, which compares to an average yield of 7.06% in the "Energy" preferred stock category, according to Preferred Stock Channel.
As of last close, VNRAP was trading at a 2.88% premium to its liquidation preference amount, versus the average premium of 7.53% in the "Energy" category. The chart below shows the one year performance of VNRAP shares, versus VNR:
Below is a dividend history chart for VNRAP, showing historical dividends prior to the most recent $0.1641 on Vanguard Natural Resource LLC's 7.875% Series A Cumulative Redeemable Perpetual Preferred Units:
According to the ETF Finder at ETF Channel, Vanguard Natural Resource LLC (VNR) makes up 8.26% of the Junior MLP ETF (MLPJ) which is trading higher by about 0.1% on the day Friday.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts