On May 15, 2026, Enbridge Inc.’s Cumulative Redeemable Preference Shares, Series N (TSX: ENB-PRN.TO) will trade ex-dividend for a quarterly dividend of $0.4185, payable on June 1, 2026. The dividend yields approximately 1.65% based on the recent share price of $25.39. Investors can expect shares to open approximately 1.65% lower the following day, all else being equal.
Currently, ENB.PRN is trading at a 1.80% premium to its liquidation preference amount. The preferred shares are convertible to Series O shares under certain conditions, with dividends for the Series O tied to a floating interest rate based on T-Bill rates plus a 2.65% spread. The annual yield for the Series N shares stands at approximately 6.58%.
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