Teekay Offshore Partners'Series B Preferred Units Crosses Above 12.5% Yield Territory
July 15, 2019 at 14:51 PM EDT
In trading on Monday, shares of Teekay Offshore Partners LP's 8.50% Series B Cumulative Redeemable Preferred Units (TOO. RB) were yielding above the 12.5% mark based on its quarterly dividend (annualized to $2.1252), with shares changing hands as low as $17.00 on the day.
