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GLP-P-B NOW TRADING POST CALL DATE

GLOBAL PARTNERS LP · Series B · Wholesale-Petroleum Bulk Stations & Terminals
Also quoted as: GLP-B, GLPprB, GLP.PRB, GLP-PB, GLPpB
$25.54
last price

About this security

GLP-P-B is a 9.5% cumulative perpetual preferred stock issued by GLOBAL PARTNERS LP, a Wholesale-Petroleum Bulk Stations & Terminals issuer. $25 liquidation preference, current yield 9.30%, callable from 2026-05-15.

GLOBAL PARTNERS LP: Global Partners LP is a Waltham, Massachusetts-based master limited partnership engaged in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers. The partnership operates through three segments: Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial. The GDSO segment sells branded and unbranded gasoline to station operators, operates convenience stores, and leases gasoline stations. With roughly $16.5 billion in annual revenue and approximately 5,000 employees, Global Partners has ranked among the Fortune 500 and is one of the larger independent energy supply and retail fuel operators in the northeastern United States.

Issuer page — all GLOBAL PARTNERS LP securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing

live page · rendered 05:17:59 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current Yield
9.30%
Annual Dividend
$2.3750
Recent Market Price
$25.54
as of 2026-06-16
Disc/Prem to Par (→ screen)
Recent Ex-Date
2026-05-01
Pay Frequency
quarterly
Cumulative
Yes
Original Coupon
9.500%
Call Date
2026-05-15 ⚑ callable now
Yield to Call
n/a — callable now
Yield to Worst
n/a — callable now
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No — Limited change-of-control conversion
Pay Dates
February 15, May 15, August 15, November 15
Shares Offered (original)
3,000,000
Issued
2021-03-24
Series
B
Alt. Symbology
GLP-B, GLPprB, GLP.PRB, GLP-PB, GLPpB

vs. Wholesale-Petroleum Bulk Stations & Terminals category (1 issues): yield 9.30% vs avg 9.30% · discount +2.2% vs avg +2.2%

Quote

 GLP-P-B (preferred)GLP (common)
Last $25.54 $47.13
Change
Open$25.43$47.92
High / Low $25.55 / $25.43 $49.49 / $45.57
Prev Close
Volume6,067221,223
52-Week High / Low $26.43 / $25.25 $56.51 / $39.58

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

GLP-P-B GLP (common)

Dividend History

Ex-DateAmount / Share
2026-05-01$0.593750
2026-02-02$0.593750
2025-11-03$0.593750
2025-08-01$0.593750
2025-05-01$0.593750
2025-02-03$0.593750
2024-11-01$0.593750
2024-08-01$0.593750
2024-04-30$0.593750
2024-01-31$0.593750
2023-10-31$0.593750
2023-07-31$0.593750

Performance — $10K Calculator

See what an investment in GLP-P-B would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

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Prospectus (SEC 424B5)

We are offering 3,000,000 of our 9.50% Series B Fixed Rate Cumulative Redeemable Perpetual Preferred Units, liquidation preference $25.00 per unit (the "Series B Preferred Units").

Full Prospectus (SEC filing) →

News — GLOBAL PARTNERS LP

Issuer news via Tiingo, tagged to GLP.

Related Articles

About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
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