Enbridge's Preference Shares, Series F. Cross 8% Yield Mark

In trading on Wednesday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series F (TSX: ENB-PRF.TO) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.3845), with shares changing hands as low as $17.26 on the day. As of last close, ENB.PRF was trading at a 30.60% 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.PRF shares, versus ENB:

Performance Comparison Chart

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

ENB.PRF+Dividend+History+Chart

In Wednesday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series F (TSX: ENB-PRF.TO) is currently up about 0.6% on the day, while the common shares (TSX: ENB.TO) are up about 0.2%.

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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