Enbridge's Preference Series 3 Shares Cross 5.5% Yield Mark

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:

Performance Comparison Chart

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

In Friday trading, Enbridge Inc’s Cumulative Redeemable Preference Shares, Series 3 (TSX: ENB-PRY.TO ) is currently up about 0.2% on the day, while the common shares (TSX: ENB.TO ) are up about 0.4%.


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