Enbridge's Preference Shares, Series B Crosses Above 5% Yield Territory
In trading on Monday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series B (TSX: ENB-PRB.TO) were yielding above the 5% mark based on its quarterly dividend (annualized to $0.8536), with shares changing hands as low as $17.00 on the day. As of last close, ENB.PRB was trading at a 30.76% 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:
Below is a dividend history chart for ENB.PRB, showing historical dividend payments on Enbridge Inc's Cumulative Redeemable Preference Shares, Series B:
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