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Kinder Morgan's Series A Preferred Stock Yield Pushes Past 10%

In trading on Tuesday, shares of Kinder Morgan Inc.'s 9.75% Series A Mandatory Convertible Preferred Stock (NYSE: KMI.PRA) were yielding above the 10% mark based on its quarterly dividend (annualized to $4.875), with shares changing hands as low as $48.65 on the day. This compares to an average yield of 8.40% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, KMI.PRA was trading at a 1.60% discount to its liquidation preference amount, versus the average discount of 2.25% in the "Energy" category. It should be noted that the preferred shares are convertible. Click here to find out the 50 highest yielding preferreds, at »
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Sales woes and rising competition are crimping the growth of one-time cybersecurity star Palo Alto Networks.
Target (NYSE: TGT) posted disappointing fourth quarter results, with both revenues and EPS missing market expectations. The company earlier reported a 5% decline in sales during the holiday season (No
Dish Network‘s stock has declined marginally in the week following its Q4 and full-year earnings release. Dish added 28,000 pay-TV subscribers in the quarter – though some of that may have been due to
Power Grid was the only major stock where they timed their selling well in January
If you quit or change jobs in your 40s, buying an individual term plan will be expensive
Google’s bet on web TV with YouTube involves a much smaller wager than AT&T’s with DirecTV.
As many as 156 stocks from the BSE 500 and small-cap index have surged an over 100% each in past one year, after a strong rally in equity markets. Of these, 27 stocks that includes Aptech, Lumax Indus
First-time investors should enter markets via SIPs of equity mutual funds
After breaking a streak of 12 straight record-setting sessions, the Dow resumed its upward climb and pierced the 21,000 mark for the first time on Wednesday.
The rupee witnessed a reversal on Wednesday after three days of gains and ended 13 paise lower at 66.82 against the American currency following fresh bouts of dollar demand from importers. Overall...
Here's why Russian stocks are off to a lousy start in 2017.
As financials continue to rally, Warren Buffett's partner, who made a killing in the financial crisis, likes these banks
Company's Rs 1870-crore IPO will open on March 8 and close on March 10
The price of the spot turmeric improved by ?1,000 a quintal in the Regulated Marketing Committee. Price of the finger turmeric increased by ?200 a quintal and root variety increased by ?100 to 300 a.
Barring masur and moong, majority of pulses and pulse seeds in Indore mandis traded higher with demand outstripping arrivals. chana (kanta) rising to ?4,750 a quintal, while chana (desi) rose to ?4,.
Higher volume was witnessed in Edible oils on Wednesday as stockiest gave fresh orders tracking sharp jump in overnight sharp jump in Chicago Soya oil futures and firm Malaysian palm oil. On BCE pric
Surging U.S. crude oil exports don’t mean that OPEC is winning, but a shift in customers would.
A volume of 9.80 lakh kg has been catalogued for Sale No: 9 of the Coonoor Tea Trade Association auctions to be held on Thursday and Friday. .Of this, 6.58 lakh kg belongs to leaf grades and 3.22 lak
Crude palm oil futures prices have recently fallen below the psychological level of Malaysian Ringgit 3,000 a tonne. Sharper declines are expected from April with prices most likely to hurtle towa...
The stock of Intellect Design Arena surged 7 per cent, breaching an immediate resistance at ?114 on Wednesday. The stock had been in an intermediate- as well as medium-term downtrend. However, it ...
In a country with over a billion population, Indian online retail broking industry added only 56 lakh active customers trading together on both the exchanges. This, along with HDFC Bank’s large and f
Corporate governance, integrating markets and algo trade are some key issues before Ajay Tyagi
Avenue Supermarts, which controls Western India-based supermarket chain D Mart, is launching its initial public offering on March 8. The offer closes on March 10. The company is looking to raise abo.
Mahindra Holidays & Resorts India has informed the exchanges that Kiinteist Oy Tunturinrivi and Saimaa Gardens Arena Oy, Finland, have been merged with Holiday Club Resorts Oy, Finland, a stepdow
Gujarat Narmada Valley Fertilizers and Chemicals on Wednesday said it has incorporated Gujarat NCode Solutions Ltd, a wholly owned subsidiary, on February 28. The company, however, did not divulge an
Pradeep Jain, Chief Financial Officer of Pidilite Industries, has resigned with effect from March 24, the company said in an exchange filing. However, the company has not provided any other details i
The ?1,124-crore rights issue of Canara Bank opens for subscription on Thursday and closes on March 16. On offer are about 5.43 crore shares for cash at ?207 a share to existing investors. The entit.
The Reserve Bank of India has allowed foreign portfolio investors to hold up to 100 per cent stake in Sita Shree Food Products, against 24 per cent till now. The company had passed a resolution in th
Gujarat Ambuja Exports has decided to buy back 2.36 crore shares worth ?225 crore. The buyback, priced at ?95 a share, is proposed to be made to all existing shareholders of the company on proportio.
The S&P 500 and Nasdaq also gained about 1% on Wednesday.
Dallas has struggled for months to get a handle on the growing emergency in the Dallas Police and Fire Pension (DPFP) fund. The pension problem could bring Dallas to its knees by cramping its ability
Sensex rallied over 241 points to end at six-month high on Wednesday, cheering Q3 GDP data

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