This article is an update to Enbridge Series 5: The Highest Yielding Investment Grade Preferred Stock Is A Strong Buy
Enbridge has 21 different series of preferred stock with a total preferred stock capitalization in the billions of dollars. Most of those series of preferred stock are fixed-to-floating ((FTF)) rate and denominated in Canadian dollars. Today, we will look at one particular series of fixed-to-floating ENB Preferreds, the US dollar denominated Series 5 (Canada TSX ticker: ENB.PF.V, US OTC ticker: EBGEF).
EBGEF has declined in price by about 7.7% over the past six months and