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 $1.00), with shares changing hands as low as $18.17 on the day. As of last close, ENB.PRY was trading at a 26.52% 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: