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Cash Dividend On The Way From Enbridge Cumulative Redeemable Preference Shares, Series D

On 8/13/14, Enbridge Inc's Cumulative Redeemable Preference Shares, Series D (TSX: ENB-PRD.TO ) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 9/1/14. As a percentage of ENB.PRD's recent share price of $24.60, this dividend works out to approximately 1.02%, so look for shares of ENB.PRD to trade 1.02% lower - all else being equal - when ENB.PRD shares open for trading on 8/13/14. On an annualized basis, the current yield is approximately 4.09%.

As of last close, ENB.PRD was trading at a 2.00% 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:

Performance Comparison Chart

Below is a dividend history chart for ENB.PRD, showing historical dividends prior to the most recent $0.25 on Enbridge Inc's Cumulative Redeemable Preference Shares, Series D:

ENB.PRD+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Enbridge Inc (TSX: ENB.TO ) makes up 4.23% of the SPDRS&PGlobal Infrastructure ETF ( GII ) which is trading relatively unchanged on the day Monday.

In Monday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series D (TSX: ENB-PRD.TO ) is currently up about 0.4% on the day, while the common shares (TSX: ENB.TO ) are trading flat.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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