Enbridge's Preference Series N Shares Cross 6% Yield Mark

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In trading on Friday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series N (TSX: ENB-PRN.TO ) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.00), with shares changing hands as low as $16.45 on the day. As of last close, ENB.PRN was trading at a 33.04% 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.PRN shares, versus ENB:

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

In Friday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series N (TSX: ENB-PRN.TO ) is currently down about 1.7% on the day, while the common shares (TSX: ENB.TO ) are trading flat.

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.


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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