Enbridge Cumulative Redeemable Preference Shares, Series P Shares Cross 6% Yield Mark

By Preferred Stock Channel Staff, Thursday, May 13, 3:47 PM ET

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In trading on Thursday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series P (TSE:ENB.PRP.CA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.0948), with shares changing hands as low as $18.20 on the day. As of last close, ENB.PRP.CA was trading at a 26.56% 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.PRP.CA shares, versus ENB.CA:

Performance Comparison Chart

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

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

In Thursday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series P (TSE:ENB.PRP.CA) is currently up about 0.6% on the day, while the common shares (TSE:ENB.CA) are off about 1.9%.

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Enbridge Cumulative Redeemable Preference Shares, Series P Shares Cross 6% Yield Mark

Enbridge Cumulative Redeemable Preference Shares, Series P Shares Cross 6% Yield Mark | www.PreferredStockChannel.com