ENF has been the topic of several other reports. CIBC boosted their price objective on Enbridge Income Fund from C$36.00 to C$37.00 in a research note on Thursday, January 11th. TD Securities reduced their price objective on Enbridge Income Fund from C$37.00 to C$33.00 and set a buy rating on the stock in a research note on Tuesday, February 20th. Scotiabank boosted their price objective on Enbridge Income Fund from C$37.00 to C$38.00 and gave the stock an outperform rating in a research note on Friday, December 8th. BMO Capital Markets reissued a market perform rating and set a C$33.00 price objective on shares of Enbridge Income Fund in a research note on Friday, December 8th. Finally, Royal Bank of Canada reduced their price objective on Enbridge Income Fund from C$33.00 to C$31.00 and set a sector perform rating on the stock in a research note on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of C$33.38.
TSE:ENF opened at C$27.92 on Thursday. Enbridge Income Fund has a 12 month low of C$26.36 and a 12 month high of C$34.27.
The business also recently disclosed a monthly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 16th will be paid a dividend of $0.1883 per share. The ex-dividend date is Thursday, March 29th. This represents a $2.26 annualized dividend and a yield of 8.09%.
In related news, Director John Richard Bird acquired 4,000 shares of Enbridge Income Fund stock in a transaction on Wednesday, February 21st. The shares were bought at an average cost of C$27.99 per share, with a total value of C$111,960.00.
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Enbridge Income Fund Company Profile
Enbridge Income Fund Holdings Inc, through its investment in Enbridge Income Fund, holds energy infrastructure assets in Canada. The company holds interests in the 2,306-kilometre Canadian Mainline, the Regional Oil Sands System, and Southern Lights Pipeline, as well as other crude oil gathering pipelines and storage facilities in Alberta, Saskatchewan, Manitoba, Ontario, and Quebec; and crude oil storage terminals and caverns in Hardisty, Alberta.
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