Global Partners' Series A Preferred Shares Cross 9% Yield Mark
May 14, 2021 at 14:08 PM EDT
In trading on Friday, shares of Global Partners LP's 9.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (GLP. RA) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.4375), with shares changing hands as low as $27.00 on the day.