DCP-C DCP Midstream LP 7.95% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred
Distributions on the Series C Preferred Units are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of January, April, July and October when, as and if declared by DCP Midstream GP, LLC, the general partner of our general partner, DCP Midstream GP, LP. The pro-rated initial distribution on the Series C Preferred Units offered hereby will be payable on January 15, 2019 in an amount equal to approximately $0.5576 per Series C Preferred Unit. Distributions on the Series C Preferred Units will be payable out of amounts legally available therefor from and including the date of original issue to, but not including, October 15, 2023 at a rate equal to 7.95% per annum of the $25.00 liquidation preference. On and after October 15, 2023, distributions on the Series C Preferred Units will accumulate at a percentage of the $25.00 liquidation preference equal to an annual floating rate of the three-month LIBOR plus a spread of 4.882%. At any time on or after October 15, 2023, we may redeem the Series C Preferred Units, in whole or in part, out of amounts legally available therefor, at a redemption price of $25.00 per Series C Preferred Unit, plus an amount equal to all accumulated and unpaid distributions thereon to, but not including, the date of redemption, whether or not declared. This security was issued by DCP Midstream Partners LP, whose common stock symbol is DCP.
$25.05 +0.31 (1.25%)
As of 03/24/2023 16:00:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Energy
Industry: Oil & Gas Midstream
Index country: USA
Country of incorporation: USA
IPO date: 10/03/2018
Outstanding shares: 4,600,000
Average volume: 7,410
Market cap: $113,436,000
Current dividend yield: 8.06% calculation
Initial coupon rate: 7.950%
Spread to LIBOR: 0.048820
Cumulative: Yes
Liquidation value: $25.00
Callable after: 10/15/2023
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: BG0BNV6