Golar LNG 8.75% Series A Cumulative Redeemable Preferred Units Crosses Above 12% Yield Territory

In trading on Wednesday, shares of Golar LNG Ltd's 8.75% Series A Cumulative Redeemable Preferred Units (GMLPP) were yielding above the 12% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $18.15 on the day. This compares to an average yield of 10.79% in the "Oil & Gas Equipment & Services" preferred stock category, according to Preferred Stock Channel..