Teekay Offshore Partners Series A Cumulative Redeemable Preferred Units About To Put More Money In Your Pocket

On 11/5/14, Teekay Offshore Partners L.P.'s 7.25% Series A Cumulative Redeemable Preferred Units (NYSE: TOO.PRA) will trade ex-dividend, for its quarterly dividend of $0.4531, payable on 11/14/14. As a percentage of TOO.PRA's recent share price of $25.73, this dividend works out to approximately 1.76%, so look for shares of TOO.PRA to trade 1.76% lower — all else being equal — when TOO.PRA shares open for trading on 11/5/14. On an annualized basis, the current yield is approximately 7.03%, w...