Enbridge Inc. (TSE:ENB) Increases Dividend to $0.97 Per Share

Enbridge Inc. (TSE:ENBGet Free Report) (NYSE:ENB) declared a quarterly dividend on Tuesday, February 17th, TickerTech Dividends reports. Stockholders of record on Sunday, March 1st will be paid a dividend of 0.97 per share on Sunday, March 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Tuesday, February 17th. This is a 2.9% increase from Enbridge’s previous quarterly dividend of $0.94.

Enbridge Trading Up 3.8%

Enbridge stock opened at C$73.30 on Friday. The company has a debt-to-equity ratio of 144.86, a current ratio of 0.62 and a quick ratio of 0.44. Enbridge has a one year low of C$56.51 and a one year high of C$73.71. The stock has a market capitalization of C$160.01 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 1.72 and a beta of 0.95. The business’s fifty day moving average is C$65.87 and its 200 day moving average is C$66.46.

Enbridge (TSE:ENBGet Free Report) (NYSE:ENB) last issued its earnings results on Friday, February 13th. The company reported C$0.88 earnings per share for the quarter. The business had revenue of C$17.18 billion during the quarter. Enbridge had a return on equity of 10.30% and a net margin of 13.75%. On average, sell-side analysts predict that Enbridge will post 3.511912 EPS for the current year.

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Enbridge Company Profile

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At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.

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Dividend History for Enbridge (TSE:ENB)

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