Teekay Offshore Partners' Series B Preferred Units Shares Cross 10% Yield Mark

In trading on Tuesday, shares of Teekay Offshore Partners LP's 8.50% Series B Cumulative Redeemable Preferred Units ( TOO.PRB) were yielding above the 10% mark based on its quarterly dividend (annualized to $2.1252), with shares changing hands as low as $20.90 on the day. This compares to an average yield of 8.65% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, TOO.PRB was trading at a 14.12% discount to its liquidation preference amount, versus the average discount of 4.78% in the "Energy" category.

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The chart below shows the one year performance of TOO.PRB shares, versus TOO:

Performance Comparison Chart

Below is a dividend history chart for TOO.PRB, showing historical dividend payments on Teekay Offshore Partners LP's 8.50% Series B Cumulative Redeemable Preferred Units:

TOO.PRB+Dividend+History+Chart

In Tuesday trading, Teekay Offshore Partners LP's 8.50% Series B Cumulative Redeemable Preferred Units ( TOO.PRB) is currently off about 2.6% on the day, while the common shares ( TOO) are up about 1.4%.

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