Enbridge Inc Announces Quarterly Dividend of $0.74 (TSE:ENB)

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.

Several analysts have recently issued reports on the company. Royal Bank of Canada decreased their price target on Enbridge from C$59.00 to C$54.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. CIBC decreased their price target on Enbridge from C$57.00 to C$56.00 in a research note on Wednesday, October 23rd. US Capital Advisors reiterated an “overweight” rating on shares of Enbridge in a research note on Friday, October 25th. BMO Capital Markets upped their price target on Enbridge from C$54.00 to C$55.00 in a research note on Monday, September 9th. Finally, GMP Securities decreased their price target on Enbridge from C$60.00 to C$59.00 in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of C$55.33.

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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Dividend History for Enbridge (TSE:ENB)

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