In trading on Tuesday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series N (TSX: ENB-PRN.TO) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.674), with shares changing hands as low as $22.25 on the day. As of last close, ENB.PRN was trading at a 10.36% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.
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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 Tuesday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series N (TSX: ENB-PRN.TO) is currently trading flat on the day, while the common shares (TSX: ENB.TO) are trading flat.
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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.
