Vanguard Natural Resource Series A Cumulative Redeemable Perpetual Preferred Units Ex-Dividend Reminder

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.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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:

Performance Comparison Chart

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:

VNRAP+Dividend+History+Chart

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.

In Friday trading, Vanguard Natural Resource LLC's 7.875% Series A Cumulative Redeemable Perpetual Preferred Units ( VNRAP) is currently off about 0.1% on the day, while the common shares ( VNR) are down about 0.1%.

More from Stocks

Coke's a Better Stock to Buy Than Pepsi on Surprising North America Sales
Amazon Crushes Quarterly Earnings Estimates, Raises the Price of Prime

Amazon Crushes Quarterly Earnings Estimates, Raises the Price of Prime

Barbie Flexes Her Muscle in Mattel's Q1 Earnings

Barbie Flexes Her Muscle in Mattel's Q1 Earnings

Amazon Crushes First-Quarter Profit Estimates -- Watch TheStreet's Live Analysis

Amazon Crushes First-Quarter Profit Estimates -- Watch TheStreet's Live Analysis

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb