ENB:CC - Expect A 10% Annual Return On This Enbridge Preferred Stock

2025-03-05 13:00:00 ET

Summary

• Enbridge stockholders should consider that this Enbridge preferred stock is very likely to provide a better total return than Enbridge common stock over the next 2.5 years with less risk.
• This Enbridge preferred stock is my favorite reset-rate preferred stock in the market and probably the best-preferred stock overall in the market.
• Its current yield is very hefty relative to other “qualified dividend” paying preferred stocks with the same BBB- investment grade credit rating.
• But more importantly, its super strong reset rate will likely drive its price from $22.62 to nearly $25.00 over the next 2.5 years providing nearly a 10.50% annual return.

Enbridge

Enbridge ( ENB ) is a large energy company with investments in energy infrastructure, utilities, and other assorted energy plays. Here is the description of Enbridge from Yahoo Finance....

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