Co-produced with Beyond Saving and PendragonY for High Dividend Opportunities
Introduction
It is getting more and more difficult to find preferred stocks that are still undervalued and produce a super high yield. In our article today, we have identified two of them. We are recommending two new preferred stocks, issued by NGL Energy (NGL). The preferred stocks are:
- NGL Energy Partners LP, 9.00% Class B Fixed/Float Cumul Red Perp Preferred Units (NGL.PB) or
- NGL Energy Partners LP, 9.625% Class C Fix/Float Cumul Red Perp Preferred Units (NGL.PC)
Both Preferred currently yield