Enbridge's Series 5 Preferred Stock (EBGEF) is a strong buy for the following reasons:
- It is the highest yielding investment grade preferred stock.
- Enbridge is a conservatively managed company with a strong track record.
- Energy commodity prices and common stock prices have rebounded strongly and EBGEF should catch up.
Preferred Stock Description
Enbridge's Series 5 Preferred Stock (EBGEF) is no ordinary preferred stock. To start with, the preferred stock is listed on the Toronto exchange but it is denominated in US dollars and pays dividends in USD. The ticker symbol for