Enbridge Inc. (ENB) to Distribute Quarterly Dividend of $0.97 on September 1st

Enbridge Inc. (TSE:ENB) (NYSE:ENB) declared a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.97 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Friday, August 14th.

Enbridge Stock Performance

TSE:ENB traded up C$0.20 during trading hours on Wednesday, hitting C$72.05. 6,361,473 shares of the company traded hands, compared to its average volume of 8,220,327. The stock has a market capitalization of C$157.36 billion, a price-to-earnings ratio of 27.82, a P/E/G ratio of 1.72 and a beta of 0.74. Enbridge has a twelve month low of C$62.42 and a twelve month high of C$80.65. The firm has a 50-day moving average of C$77.43 and a 200 day moving average of C$74.61. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 171.59.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its quarterly earnings results on Friday, July 31st. The company reported C$0.63 earnings per share (EPS) for the quarter. Enbridge had a net margin of 7.28% and a return on equity of 10.01%. The company had revenue of C$29.32 billion for the quarter. On average, analysts forecast that Enbridge will post 3.511912 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ENB shares. Royal Bank Of Canada boosted their price target on shares of Enbridge from C$76.00 to C$79.00 and gave the company an “outperform” rating in a report on Monday, May 11th. National Bank Financial raised their price objective on shares of Enbridge from C$73.00 to C$81.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Scotiabank lifted their target price on shares of Enbridge from C$78.00 to C$84.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 21st. Raymond James Financial cut shares of Enbridge from a “moderate buy” rating to a “hold” rating in a research note on Friday, July 31st. Finally, TD increased their price target on shares of Enbridge from C$79.00 to C$81.00 and gave the stock a “hold” rating in a research report on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Enbridge has an average rating of “Hold” and a consensus target price of C$76.00.

Enbridge Company Profile

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.