Q: Good morning,
I bought some ENB.PF.V in May, at the time the yield is 6.88%, today its yield is 7.08%, so I want to buy more. I know ENB runs a unique business with a wide moat. I read ENB financial data and found the company keeps issuing new debt to fund dividend and if I am correct that it's payout ratio is even over 100%. So I sold common shares and bought preferred. With today's 7.08% yield, it's very attractive, any risk associate with this series?
I also want to ask if there is a website (free or paid service) has all the information of all Canadian preferred shares include risk rating for investors to do research?
Thank you!
Joseph
I bought some ENB.PF.V in May, at the time the yield is 6.88%, today its yield is 7.08%, so I want to buy more. I know ENB runs a unique business with a wide moat. I read ENB financial data and found the company keeps issuing new debt to fund dividend and if I am correct that it's payout ratio is even over 100%. So I sold common shares and bought preferred. With today's 7.08% yield, it's very attractive, any risk associate with this series?
I also want to ask if there is a website (free or paid service) has all the information of all Canadian preferred shares include risk rating for investors to do research?
Thank you!
Joseph