Enbridge Inc (TSE:ENB) Plans Dividend Increase – $0.74 Per Share
Enbridge Inc (TSE:ENB) (NYSE:ENB) announced a quarterly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.738 per share on Sunday, September 1st. This represents a $2.95 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend is Wednesday, August 14th. This is an increase from Enbridge’s previous quarterly dividend of $0.33.
Shares of ENB traded up C$0.10 during trading hours on Tuesday, reaching C$44.72. 232,977 shares of the company traded hands, compared to its average volume of 5,046,008. The company has a market capitalization of $90.30 billion and a PE ratio of 18.25. The company has a quick ratio of 0.51, a current ratio of 0.63 and a debt-to-equity ratio of 92.29. Enbridge has a 12-month low of C$39.40 and a 12-month high of C$51.22. The stock has a fifty day simple moving average of C$46.09.
Enbridge (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings data on Friday, May 10th. The company reported C$0.81 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.69 by C$0.12. The company had revenue of C$12.86 billion for the quarter. On average, analysts anticipate that Enbridge will post 2.6900001 EPS for the current fiscal year.
In other Enbridge news, Director Albert Monaco bought 7,848 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was bought at an average cost of C$49.81 per share, for a total transaction of C$390,908.88. Following the completion of the transaction, the director now directly owns 824,530 shares of the company’s stock, valued at approximately C$41,069,839.30.
Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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