DCP Midstream's Series B Preferred Units Crosses Above 8% Yield Territory
September 09, 2021 at 14:26 PM EDT
In trading on Thursday, shares of DCP Midstream LP's 7.875% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (DCP. RB) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9688), with shares changing hands as low as $24.55 on the day.