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On Monday, shares of Enbridge Inc’s Cumulative Redeemable Preference Shares, Series D (TSX: ENB-PRD.TO) yielded above 6.5%, with prices dipping to as low as $20.79. The shares were trading at a 16.44% discount to their liquidation preference amount, and the annualized dividend stands at $1.353. As of the last close, the shares were down approximately 0.3% for the day.
In contrast, Enbridge’s common shares (TSX: ENB.TO) saw a slight increase, rising about 0.3% on the same day. The preferred shares are also noted to be convertible.
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