In trading on Monday, shares of Enbridge Inc’s Cumulative Redeemable Preference Shares, Series 1 (TSX: ENB-PRV.TO) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4873), with shares changing hands as low as $22.36 on the day. As of last close, ENB.PRV was trading at a 8.00% 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.PRV shares, versus ENB:

Below is a dividend history chart for ENB.PRV, showing historical dividend payments on Enbridge Inc’s Cumulative Redeemable Preference Shares, Series 1:

ENB.PRV+Dividend+History+Chart

In Monday trading, Enbridge Inc’s Cumulative Redeemable Preference Shares, Series 1 (TSX: ENB-PRV.TO) is currently down about 0.3% on the day, while the common shares (TSX: ENB.TO) are up about 1.4%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source: Nasdaq

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