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Enbridge's Preference Shares, Series R Shares Cross 3% Yield Mark

By Preferred Stock Channel Staff, Monday, March 1, 2:06 PM ET

In trading on Monday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series R (TSE:ENB.PRT.CA) were yielding above the 3% mark based on its quarterly dividend (annualized to $1.0182), with shares changing hands as low as $16.45 on the day. As of last close, ENB.PRT.CA was trading at a 34.20% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.

The chart below shows the one year performance of ENB.PRT.CA shares, versus ENB.CA:

Performance Comparison Chart

Below is a dividend history chart for ENB.PRT.CA, showing historical dividend payments on Enbridge Inc's Cumulative Redeemable Preference Shares, Series R:

Free Report: Top 7%+ Dividends (paid monthly)

In Monday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series R (TSE:ENB.PRT.CA) is currently up about 0.3% on the day, while the common shares (TSE:ENB.CA) are trading flat.

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