Golar LNG's Series A Preferred Shares Cross Above 8.5% Yield Territory

In trading on Thursday, shares of Golar LNG Ltd's 8.75% Series A Cumulative Redeemable Preferred Units (GMLPP) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $25.70 on the day. This compares to an average yield of 7.35% in the "Oil & Gas Equipment & Services" preferred stock category, according to Preferred Stock Channel..