Enbridge Inc. (TSE:ENB) Plans Quarterly Dividend of $0.92

Enbridge Inc. (TSE:ENBGet Free Report) (NYSE:ENB) declared a quarterly dividend on Wednesday, February 14th, RTT News reports. Investors of record on Friday, March 1st will be given a dividend of 0.915 per share on Friday, March 1st. This represents a $3.66 annualized dividend and a yield of 7.80%. The ex-dividend date is Wednesday, February 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.89.

Enbridge Trading Up 2.0 %

Enbridge stock opened at C$46.93 on Tuesday. The business has a 50 day moving average price of C$47.95 and a two-hundred day moving average price of C$46.81. The company has a quick ratio of 0.44, a current ratio of 0.83 and a debt-to-equity ratio of 127.95. The stock has a market cap of C$99.96 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 1.16 and a beta of 0.88. Enbridge has a 12 month low of C$42.75 and a 12 month high of C$54.56.

Insider Activity

In other Enbridge news, Director Dan Curtis Tutcher sold 18,000 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$35.30, for a total value of C$635,400.00. In other news, Director Dan Curtis Tutcher sold 18,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of C$35.30, for a total transaction of C$635,400.00. Also, Director Teresa Smith Madden acquired 2,100 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were bought at an average price of C$35.49 per share, for a total transaction of C$74,529.00. 0.15% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ENB has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Enbridge from C$48.00 to C$53.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 17th. Stifel Nicolaus set a C$52.00 price objective on shares of Enbridge and gave the stock a “hold” rating in a research note on Thursday, January 18th. Raymond James cut their target price on shares of Enbridge from C$56.00 to C$54.00 in a research note on Thursday, October 19th. National Bankshares decreased their price target on Enbridge from C$52.00 to C$51.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Scotiabank dropped their price target on Enbridge from C$52.00 to C$50.00 in a report on Tuesday, October 24th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$53.69.

Check Out Our Latest Report on ENB

About Enbridge

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Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

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Dividend History for Enbridge (TSE:ENB)

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