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Enbridge Inc's Cumulative Redeemable Preference Shares, Series R Crosses Above 7% Yield Territory

In trading on Tuesday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series R (TSX: ENB-PRT.TO) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.0182), with shares changing hands as low as $14.36 on the day. As of last close, ENB.PRT was trading at a 41.40% 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 shares, versus ENB:

Performance Comparison Chart

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

ENB.PRT+Dividend+History+Chart

In Tuesday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series R (TSX: ENB-PRT.TO) is currently down about 1.7% on the day, while the common shares (TSX: ENB.TO) are up about 0.3%.

Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory »

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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