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

Enbridge Inc. (TSE:ENB) (NYSE:ENB) declared a quarterly dividend on Friday, November 13th. Investors of record on Tuesday, December 1st will be paid a dividend of $0.97 per share on Tuesday, December 1st. This represents a $3.88 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date is Friday, November 13th.

Enbridge Stock Up 0.4%

TSE:ENB traded up C$0.24 on Wednesday, hitting C$67.96. 2,764,690 shares of the company’s stock were exchanged, compared to its average volume of 8,620,139. The firm has a 50-day moving average price of C$67.45 and a 200-day moving average price of C$72.50. Enbridge has a 52 week low of C$62.42 and a 52 week high of C$80.65. The company has a debt-to-equity ratio of 171.59, a current ratio of 0.72 and a quick ratio of 0.44. The company has a market cap of C$151.47 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 1.72 and a beta of 0.74.

Enbridge (TSE:ENB) (NYSE:ENB) last released its earnings results on Friday, November 6th. The company reported C$0.49 earnings per share (EPS) for the quarter. The business had revenue of C$21.08 billion for the quarter. Enbridge had a return on equity of 10.43% and a net margin of 7.54%. As a group, analysts expect that Enbridge will post 3.51 EPS for the current fiscal year.

About Enbridge

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.