Market News

Analysis of Enbridge’s Preference Shares, Series A Enbridge’s Preference Shares, Series A, Surpass the 6.5% Yield Threshold

Overview of Enbridge’s Recent Performance

Enbridge Inc.’s 5.50% Cumulative Redeemable Preference Shares, Series A (TSX: ENB-PRA.TO) experienced notable trading activity on Wednesday, with its yield surpassing the 6.5% mark. This was primarily driven by its quarterly dividend, which is annualized to $1.375. Throughout the day, shares were exchanged at prices as low as $21.15. At the previous closing, ENB.PRA displayed a 15.00% discount relative to its liquidation preference amount.

Comparative Performance and Dividend History

The comparative one-year performance between ENB.PRA shares and Enbridge’s common shares can be observed in the chart below:

Performance Comparison Chart

Below, you can also find a dividend history chart showcasing the historical dividend payments pertaining to Enbridge Inc.’s 5.50% Cumulative Redeemable Preference Shares, Series A:

ENB.PRA+Dividend+History+Chart

Current Market Activity

In Wednesday’s trading session, Enbridge Inc.’s 5.50% Cumulative Redeemable Preference Shares, Series A (TSX: ENB-PRA.TO) exhibited a rise of approximately 0.1% for the day. Concurrently, the company’s common shares (TSX: ENB.TO) displayed an increase of around 0.7%.

Also see:

• MERC Stock Predictions
• TMCI Average Annual Return
• Top Ten Hedge Funds Holding PETZ

See also  Top 3 Industrials Stocks Which Could Blast Off This Quarter - Blue Bird (NASDAQ:BLBD)