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.

A number of brokerages have recently weighed in on ENB. Royal Bank of Canada dropped their price objective on shares of Enbridge from C$59.00 to C$54.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Wells Fargo & Co dropped their price objective on shares of Enbridge from C$53.00 to C$51.00 in a report on Tuesday, June 4th. Finally, GMP Securities dropped their price objective on shares of Enbridge from C$60.00 to C$59.00 in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$54.36.

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.

About Enbridge

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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Dividend History for Enbridge (TSE:ENB)

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