Enbridge Preference Shares Offer Strong Yields Amid Market Movements

Quarterly Dividend Drives 7% Yield Despite Price Fluctuations

On Wednesday, shares of Enbridge Inc.’s Cumulative Redeemable Preference Shares, Series D (TSX: ENB-PRD.TO) were yielding over 7% based on its quarterly dividend, which is annualized at $1.353. During the trading session, shares dipped as low as $19.30. Currently, ENB.PRD is trading at a substantial 22.48% discount compared to its liquidation preference amount, which highlights savvy investment opportunities, especially considering that these preferred shares are convertible.

The following chart illustrates the one-year performance of ENB.PRD shares compared to the common shares of Enbridge (ENB).

Additionally, the dividend history chart below provides an overview of the historical dividend payments for ENB.PRD:

During Wednesday’s trading, Enbridge Inc.’s Cumulative Redeemable Preference Shares, Series D (TSX: ENB-PRD.TO) were down approximately 0.1% for the day, while common shares (TSX: ENB.TO) rose by about 0.4%. This movement showcases the differing performance within Enbridge’s offerings.

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Also see:

• ROCM Videos
• Institutional Holders of EARS
• FNWB Dividend History

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