Enbridge's Preference Shares, Series A, Cross 6% Yield Mark

In trading on Monday, shares of Enbridge Inc's 5.50% Cumulative Redeemable Preference Shares, Series A (TSX: ENB-PRA.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.375), with shares changing hands as low as $22.50 on the day. As of last close, ENB.PRA was trading at a 7.08% discount to its liquidation preference amount.

The chart below shows the one year performance of ENB.PRA shares, versus ENB:

Performance Comparison Chart

Below is a dividend history chart for ENB.PRA, showing historical dividend payments on Enbridge Inc's 5.50% Cumulative Redeemable Preference Shares, Series A:

ENB.PRA+Dividend+History+Chart


Free Report: Top 8%+ Dividends (paid monthly)

In Monday trading, Enbridge Inc's 5.50% Cumulative Redeemable Preference Shares, Series A (TSX: ENB-PRA.TO) is currently down about 3.1% on the day, while the common shares (TSX: ENB.TO) are down about 3.5%.

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

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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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