Blueknight Energy Partners Series A Preferred Shares Cross 8% Yield Mark

In trading on Tuesday, shares of Blueknight Energy Partners L P's Series A Preferred Units (BKEPP) were yielding above the 8% mark based on its quarterly dividend (annualized to $0.715), with shares changing hands as low as $8.92 on the day. This compares to an average yield of 7.16% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, BKEPP was trading at a 37.85% premium to its liquidation preference amount, versus the average premium of 0.25% in the "Energy" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

START SLIDESHOW:
Click here to find out the 50 highest yielding preferreds »

The chart below shows the one year performance of BKEPP shares, versus BKEP:

Performance Comparison Chart

Below is a dividend history chart for BKEPP, showing historical dividend payments on Blueknight Energy Partners L P's Series A Preferred Units :

BKEPP+Dividend+History+Chart

In Tuesday trading, Blueknight Energy Partners L P's Series A Preferred Units ( BKEPP) is currently down about 0.5% on the day, while the common shares ( BKEP) are up about 4.1%.

More from Stocks

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Neel Kashkari: The Heart of Our Financial System Is More Radioactive Than Ever

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain