On 10/29/15, Vanguard Natural Resources LLC's 7.625% Series B Cumulative Redeemable Perpetual Preferred Units (VNRBP) will trade ex-dividend, for its monthly dividend of $0.1588, payable on 11/13/15. As a percentage of VNRBP's recent share price of $17.71, this dividend works out to approximately 0.90%, so look for shares of VNRBP to trade 0.90% lower — all else being equal — when VNRBP shares open for trading on 10/29/15. On an annualized basis, the current yield is approximately 10.60%, which compares to an average yield of 8.65% in the "Energy" preferred stock category, according to Preferred Stock Channel.As of last close, VNRBP was trading at a 28.04% discount to its liquidation preference amount. The chart below shows the one year performance of VNRBP shares, versus VNR: Below is a dividend history chart for VNRBP, showing historical dividends prior to the most recent $0.1588 on Vanguard Natural Resources LLC's 7.625% Series B Cumulative Redeemable Perpetual Preferred Units: According to the ETF Finder at ETF Channel, Vanguard Natural Resources LLC ( VNR) makes up 3.28% of the Zacks MLP High Income Shares ETF (ZMLP) which is trading lower by about 2.7% on the day Tuesday. In Tuesday trading, Vanguard Natural Resources LLC's 7.625% Series B Cumulative Redeemable Perpetual Preferred Units ( VNRBP) is currently off about 1.6% on the day, while the common shares ( VNR) are down about 7.1%.
HOST // Robert Powell
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