This is an issue of reset preferreds.
Income Investor
Sorry, you do not have access to this content.The shares were originally recommended at $25.06 and paid a $1 dividend to yield 4% at the time. The dividend will be reset on June 1, 2019 to provide a return equal to the five-year Government of Canada bond yield plus 2.5%. Those bonds were yielding 0.65% last week, which would translate into a return of 3.15% if that were maintained. That explains why the share price has fallen so sharply, despite the current yield of 6.3%. - Gordon Pape
Current Advice
Sell
Consult your broker/advisor
Capital Gain/Loss
-36.1%
Interactive Performance Chart
ENB.PR.T was first recommended here on December 19, 2012