Preferred Share Dividends
Nasdaq Preferred Shares Reveal Detailed Dividend Schedules for Enbridge, KB Home, and Others
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Key Points
1
Enbridge’s ENB.NB preferred shows a multi-step increase: interim CAD 0.915 in 2024 (e.g., Mar 1, 2024 paid; ex Feb 14, 2024), rising to CAD 0.9425 in 2025 (e.g., Mar 1, 2025 paid; ex Feb 14, 2025 and a Dec 1, 2025 final CAD 0.9425; ex Nov 14, 2025), and then stepping up again to CAD 0.97 for the Jun 1, 2026 interim (ex May 15, 2026).
2
KB Home’s KBH.NB preferred indicates the dividend level was smaller before the USD 0.25 cadence: USD 0.15 paid May 18, 2023 (ex May 3, 2023), then USD 0.20 in 2023–early 2024 (e.g., Aug 17, 2023; ex Aug 2, 2023), before moving to USD 0.25 starting with the May 23, 2024 interim (ex May 8, 2024) and including a USD 0.25 final on Nov 27, 2024 (ex Nov 14, 2024).
3
Weyco Group’s WEYS.NB dividend amount appears to rise into mid-2026: an interim USD 0.26 (e.g., Mar 31, 2025; ex Mar 14, 2025) precedes USD 0.27 in early 2026 (e.g., final USD 0.27 on Mar 31, 2026; ex Mar 13, 2026 and interim USD 0.27 on Jan 9, 2026; ex Nov 17, 2025), culminating in an interim USD 0.28 paid Jun 30, 2026 (ex May 19, 2026).
4
Park-Ohio’s PKOH.NB keeps a steady USD 0.125 level, but the schedule is clearly semiannual: the next interim is USD 0.125 paid May 15, 2026 (ex May 1, 2026) following a USD 0.125 final paid Feb 20, 2026 (ex Feb 6, 2026), with prior cycles showing the same paired interim/final structure (e.g., interim Aug 15, 2025; ex Aug 1, 2025 and interim Nov 29, 2024; ex Nov 15, 2024).
Enbridge is raising its quarterly dividend to CAD 0.97 per share for June 2026, marking the company's 31st consecutive annual dividend increase, according to TradingKey. The Canadian energy giant's payout has climbed steadily from CAD 0.915 in early 2024 to CAD 0.9425 through 2025, and now to CAD 0.97 — a 3% jump that CEO Greg Ebel called proof of "steady and predictable growth."
Several other companies are also stepping up distributions in 2025 and 2026. KB Home moved its quarterly dividend to USD 0.25, Weyco Group is climbing toward USD 0.28, and Park-Ohio is holding steady at USD 0.125 per cycle. Together, the schedules paint a picture of companies rewarding shareholders after years of economic turbulence.
Enbridge's Three-Year Dividend Climb to CAD 0.97
Enbridge's preferred share dividend has followed a clear staircase pattern. The company paid CAD 0.915 as an interim dividend in March 2024, with an ex-date of February 14, 2024, according to TradingKey. That stepped up to CAD 0.9425 for the March 1, 2025 payment, and again for the December 1, 2025 final dividend. The most recent move brings the rate to CAD 0.97 for the June 1, 2026 interim, with an ex-date of May 15, 2026.
CEO Greg Ebel pointed to new infrastructure projects entering service as the engine behind the raises. "We are forecasting another year of steady and predictable growth," he said. Enbridge's annual dividend now stands at CAD 3.88, and the company projects 2026 EBITDA between $20.2 billion and $20.8 billion. Analysts at Morningstar and Zacks have largely praised the consistency, noting a dividend yield of roughly 6.76%.
KB Home Doubles Its Payout in Just Two Years
KB Home's preferred share dividend has grown fast. The company paid just USD 0.15 in May 2023, then moved to USD 0.20 by August of that year. By May 2024, the quarterly rate hit USD 0.25 and has held there since, according to TradingKey. A USD 0.25 final dividend followed on November 27, 2024, with an ex-date of November 14, 2024.
CEO Jeffrey Mezger has tied the stronger payouts to demand for energy-efficient housing, which has kept cash flow healthy. KB Home has distributed a total of USD 234.89 million to shareholders over five years. The move from USD 0.15 to USD 0.25 in just over a year represents a 67% increase in the dividend rate.
Weyco Climbs to USD 0.28 While Park-Ohio Stays Flat
Weyco Group has taken a gradual step-up approach. The company paid USD 0.26 as an interim dividend on March 31, 2025, then moved to USD 0.27 for both the January 9, 2026 interim and the March 31, 2026 final, according to TradingKey. A USD 0.28 interim dividend is scheduled for June 30, 2026, with an ex-date of May 19, 2026. The stock currently yields about 3.23%.
Park-Ohio has taken the opposite approach: total consistency. The company has paid USD 0.125 per cycle without change, running a clean semiannual schedule of paired interim and final dividends. Its next interim payment of USD 0.125 is due May 15, 2026, with an ex-date of May 1, 2026, following a USD 0.125 final paid February 20, 2026. KeyBanc holds an "Overweight" rating on the stock, projecting 2026 earnings-per-share growth of 7% to 19%.
Critics Flag Payout Ratios and Valuation Risks
Not everyone is cheering the dividend growth. Enbridge carries a payout ratio of 129%, meaning it is paying out more in dividends than it earns in net income. Some analysts warn this pace is unsustainable and could crowd out long-term infrastructure spending. The company has relied on utility-like cash flows from three U.S. natural gas utilities it bought from Dominion Energy to keep the raises going.
Park-Ohio faces its own questions. Despite a 40% stock return over the past year, InvestingPro analysis labels the stock "overvalued" relative to fundamentals. Perella Weinberg Partners — listed in some financial databases under the ticker PWP — keeps a fixed USD 0.07 quarterly distribution and carries a market cap of roughly USD 1.11 billion. Retail investors and income-focused retirees remain the core audience for all these names, drawn by predictable cash payments over capital gains.
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