In trading on Friday, shares of Enbridge Inc’s Cumulative Redeemable Preference Shares, Series 3 (TSX: ENB-PRY.TO) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $0.9342), with shares changing hands as low as $16.90 on the day. As of last close, ENB.PRY was trading at a 31.92% 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.PRY shares, versus ENB:

Below is a dividend history chart for ENB.PRY, showing historical dividend payments on Enbridge Inc’s Cumulative Redeemable Preference Shares, Series 3:

ENB.PRY+Dividend+History+Chart


Free Report: Top 7%+ Dividends (paid monthly)

In Friday trading, Enbridge Inc’s Cumulative Redeemable Preference Shares, Series 3 (TSX: ENB-PRY.TO) is currently off about 0.7% on the day, while the common shares (TSX: ENB.TO) are down about 0.7%.

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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