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Enbridge Inc Plans Quarterly Dividend of C$0.97 (NYSE:ENB)
['Logan Wallace']
Ticker Report
Enbridge Inc (NYSE:ENB – Get Free Report) (TSE:ENB) announced a quarterly dividend on Tuesday, July 28th.
This represents a c) annualized dividend and a dividend yield of 7.0%.
Enbridge has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years.
Enbridge has a dividend payout ratio of 125.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Enbridge Company Profile(Get Free Report)Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets.