Vanguard Natural Resources Series C Preferred Units Crosses Above 8.5% Yield Territory

In trading on Wednesday, shares of Vanguard Natural Resources LLC's 7.75% Series C Cumulative Redeemable Perpetual Preferred Units ( VNRCP) were yielding above the 8.5% mark based on its monthly dividend (annualized to $1.9375), with shares changing hands as low as $22.58 on the day. This compares to an average yield of 7.15% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, VNRCP was trading at a 7.48% discount to its liquidation preference amount, versus the average premium of 0.34% in the "Energy" category.

The chart below shows the one year performance of VNRCP shares, versus VNR:

Performance Comparison Chart

Below is a dividend history chart for VNRCP, showing historical dividend payments on Vanguard Natural Resources LLC's 7.75% Series C Cumulative Redeemable Perpetual Preferred Units:

VNRCP+Dividend+History+Chart

In Wednesday trading, Vanguard Natural Resources LLC's 7.75% Series C Cumulative Redeemable Perpetual Preferred Units ( VNRCP) is currently down about 1.7% on the day, while the common shares ( VNR) are down about 4.2%.