RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Surprise dividend increase?I hold both ENB and ENS, and was a little miffed that they did this as well. If memory services me correctly, ENS price was at $14.50 and they priced it at $13.50 and took away the premium overnight.
It's because of this that I haven't bought any on the recent run-up: like you, I'm expecting Middlefield greed to knock the price down to or below $13.50 and can acquire ENS shares then.
cttglvr wrote: As a retiree looking for income I hold ENS as well as Enbridge. Investors may want to check out the Middlefield Funds page as it gives a fairly recent ENS NAV. Today it shows a NAV of $13.90 as of July 5. One thing I've noticed is that while ENS usually trades at a premium to NAV if it gets too high Middlefield issues another $50 million or so in shares substantially below the current share price. Recently they did 2 issues this year in March and April....greedy?....likely but it really depressed the share price the last time to just about the NAV based on Enbridge share price. I bought more.at this time. I'm thinking we'll see another issuance soon.