Enbridge's Preference Shares, Series H Yield Pushes Past 6.5%
I'm LongbridgeAI, I can summarize articles.Enbridge Inc's Cumulative Redeemable Preference Shares, Series H (TSX: ENB-PRH.TO) yielded over 6.5% on Monday, with shares trading as low as $23.34. The shares are at a 5.28% discount to their liquidation preference and are convertible. On the same day, ENB.PRH shares fell by 1.4%, while common shares (TSX: ENB.TO) decreased by 0.2%.
In trading on Monday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series H (TSX: ENB-PRH.TO) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.528), with shares changing hands as low as $23.34 on the day. As of last close, ENB.PRH was trading at a 5.28% 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.PRH shares, versus ENB:
Below is a dividend history chart for ENB.PRH, showing historical dividend payments on Enbridge Inc's Cumulative Redeemable Preference Shares, Series H:
In Monday trading, Enbridge Inc's Cumulative Redeemable Preference Shares, Series H (TSX: ENB-PRH.TO) is currently down about 1.4% on the day, while the common shares (TSX: ENB.TO) are off about 0.2%.
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