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

Enbridge Inc. cumulative redeemable preference shares, Series H (TSX: ENB-PRH.TO) were yielding above 6.5% based on a quarterly dividend annualized to $1.528. Shares traded as low as $23.34 on the day, implying the elevated yield; this is a factual price/yield observation with limited broader market implications. Monitor preferred-share flows for income-seeking demand but impact is likely idiosyncratic to the security.

Analysis

Enbridge Inc. cumulative redeemable preference shares, Series H (TSX: ENB-PRH.TO) were yielding above 6.5% based on a quarterly dividend annualized to $1.528. Shares traded as low as $23.34 on the day, implying the elevated yield; this is a factual price/yield observation with limited broader market implications. Monitor preferred-share flows for income-seeking demand but impact is likely idiosyncratic to the security.