Enbridge preferred share report updated February 15, 2024

The various preferred shares have done well since I updated them in mid December. Today I updated the Enbridge’s ENB.PF.A. It was rated Strong Buy on December 16 at $15.47 and is up 12% since then.

It will reset to a higher dividend on December 1 this year. The level and attractiveness of the dividend at that time will depend on interest rates and the outlook and the market at that time.

Overall it still looks like it should offer a capital gain and so I left the rating at strong Buy.


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