Enbridge Stock – Enbridge’s Preference Shares, Series D Crosses Above 6% Yield Territory
In trading on Tuesday, shares of Enbridge Inc’s Cumulative Redeemable Preference Shares, Series D (TSX: ENB-PRD.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.115), with shares changing hands as low as $18.40 on the day. As of last close, ENB.PRD was trading at a 25.56% 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.PRD shares, versus ENB:
Below is a dividend history chart for ENB.PRD, showing historical dividend payments on Enbridge Inc’s Cumulative Redeemable Preference Shares, Series D: