Enbridge Inc. (TSE:ENB) Declares Quarterly Dividend of $0.97

Enbridge Inc. (TSE:ENB) (NYSE:ENB) declared a quarterly dividend on Friday, November 13th. Investors of record on Tuesday, December 1st will be given 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 of this dividend is Friday, November 13th.

Enbridge Stock Up 0.2%

Enbridge stock traded up C$0.11 during trading hours on Wednesday, hitting C$67.83. 2,534,254 shares of the stock traded hands, compared to its average volume of 8,618,426. The firm’s 50-day moving average price is C$67.45 and its two-hundred day moving average price is C$72.50. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 171.59. The company has a market cap of C$151.18 billion, a PE ratio of 26.19, a PEG ratio of 1.72 and a beta of 0.74. Enbridge has a one year low of C$62.42 and a one year high of C$80.65.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its earnings results on Friday, November 6th. The company reported C$0.49 earnings per share (EPS) for the quarter. Enbridge had a return on equity of 10.43% and a net margin of 7.54%. The firm had revenue of C$21.08 billion during the quarter. On average, research analysts forecast that Enbridge will post 3.51 EPS for the current 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.