Kinder Morgan's El Paso Energy Capital Trust I Trust Convertible Preferred Securities Cross 4% Yield Mark

In trading on Thursday, shares of Kinder Morgan Inc.'s El Paso Energy Capital Trust I 4 3/4% Trust Convertible Preferred Securities (NYSE: EP.PRC) were yielding above the 4% mark based on its quarterly dividend (annualized to $2.375), with shares changing hands as low as $58.84 on the day. This compares to an average yield of 4.64% in the "Energy" preferred stock category, according to Preferred Stock Channel. As of last close, EP.PRC was trading at a 19.10% premium to its liquidation preference...