In trading on Monday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series H (TSX: ENB-PRH.TO) were yielding above the 3.5% mark based on its quarterly dividend (annualized to $1.094), with shares changing hands as low as $12.16 on the day. As of last close, ENB.PRH was trading at a 51.40% 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.PRH shares, versus ENB:
Below is a dividend history chart for ENB.PRH, showing historical dividend payments on Enbridge Inc's Cumulative Redeemable Preference Shares, Series H:
In Monday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series H (TSX: ENB-PRH.TO) is currently up about 0.7% on the day, while the common shares (TSX: ENB.TO) are up about 1.5%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
