Enbridge's Preference Shares, Series P, Cross 7% Yield Mark

In trading on Wednesday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series P (TSX: ENB-PRP.TO) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.0948), with shares changing hands as low as $15.42 on the day. As of last close, ENB.PRP was trading at a 36.92% 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.PRP shares, versus ENB:

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

In Wednesday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series P (TSX: ENB-PRP.TO) is currently down about 2% on the day, while the common shares (TSX: ENB.TO) are up about 0.3%.

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