DCP Midstream’s Series C Preferred Shares Cross 8% Yield Mark

In trading on Monday, shares of DCP Midstream LP’s 7.95% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Symbol: DCP.PRC) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9876), with shares changing hands as low as $24.67 on the day. This compares to an average yield of 8.06% in the “Energy” preferred stock category, according to Preferred Stock Channel. As of last close, DCP.PRC was trading at a 0.16% premium to its liquidation preference amount, versus the average premium of 0.53% in the “Energy” category.

Below is a dividend history chart for DCP.PRC, showing historical dividend payments on DCP Midstream LP’s 7.95% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units:

In Monday trading, DCP Midstream LP’s 7.95% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (Symbol: DCP.PRC) is currently down about 0.1% on the day, while the common shares (Symbol: DCP) are up about 3.1%.

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