Enbridge's Preference Shares, Series D Yield Pushes Past 6%
In trading on Thursday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series D (TSX: ENB-PRD.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.115), with shares changing hands as low as $18.50 on the day. As of last close, ENB.PRD was trading at a 24.96% 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.PRD shares, versus ENB:
Below is a dividend history chart for ENB.PRD, showing historical dividend payments on Enbridge Inc's Cumulative Redeemable Preference Shares, Series D:
Free Report: Top 7%+ Dividends (paid monthly)
In Thursday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series D (TSX: ENB-PRD.TO) is currently up about 1% on the day, while the common shares (TSX: ENB.TO) are up about 1.4%.
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