Enbridge's Preference Shares, Series R Yield Pushes Past 6.5%

In trading on Thursday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series R (Toronto: ENB-PRT) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.00), with shares changing hands as low as $15.37 on the day. As of last close, ENB.PRT was trading at a 38.20% 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.PRT shares, versus ENB:

Click here to find out which 9 other Canadian dividend stocks just recently went ''on sale'' and crossed into new yield territory, at CanadaStockChannel.com »

Below is a dividend history chart for ENB.PRT, showing historical dividend payments on Enbridge Inc's Cumulative Redeemable Preference Shares, Series R:

In Thursday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series R (Toronto: ENB-PRT) is currently up about 0.5% on the day, while the common shares (Toronto: ENB) are up about 0.4%.

Find out more about Preferred Stock Dividends at Preferred Stock Channel.