Enbridge's Preference Shares, Series 1 Yield Pushes Past 7%

In trading on Friday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series 1 (TSX: ENB-PRV.TO) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.6759), with shares changing hands as low as $23.92 on the day. As of last close, ENB.PRV was trading at a 3.80% 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:

In Friday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series 1 (TSX: ENB-PRV.TO) is currently up about 1.4% on the day, while the common shares (TSX: ENB.TO) are down about 0.8%.

Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory »

Also see:

• HUSN market cap history
• STX Options Chain
• Institutional Holders of JAGX

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