Enbridge's Preference Shares, Series B, Cross 6.5% Yield Mark

In trading on Wednesday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series B (TSX: ENB-PRB.TO) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.3005), with shares changing hands as low as $20.00 on the day. As of last close, ENB.PRB was trading at a 19.52% 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.PRB shares, versus ENB:

Performance Comparison Chart

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

ENB.PRB+Dividend+History+Chart

In Wednesday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series B (TSX: ENB-PRB.TO) is currently down about 0.5% on the day, while the common shares (TSX: ENB.TO) are up about 1.8%.

Also see:
• NMT Insider Buying
• EAT shares outstanding history
• ETFs Holding CTS

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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