Enbridge Inc (TSE:ENB) (NYSE:ENB) announced a quarterly dividend on Wednesday, November 6th, RTT News reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.738 per share on Sunday, December 1st. This represents a $2.95 annualized dividend and a dividend yield of 6.07%.
Shares of ENB traded up C$0.06 during trading hours on Wednesday, hitting C$48.66. 5,632,734 shares of the company were exchanged, compared to its average volume of 4,728,988. The company has a market cap of $98.12 billion and a PE ratio of 19.85. The firm’s 50 day moving average is C$47.20 and its 200-day moving average is C$47.10. Enbridge has a 52 week low of C$39.69 and a 52 week high of C$51.22. The company has a debt-to-equity ratio of 92.29, a quick ratio of 0.51 and a current ratio of 0.63.
In related news, Senior Officer Bradley Francis Shamla sold 2,537 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of C$47.30, for a total transaction of C$120,000.10. Following the completion of the sale, the insider now owns 46,035 shares in the company, valued at approximately C$2,177,455.50.
Enbridge Company Profile
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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