04:16:37 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 846,632,952
Close 2014-10-21 C$ 52.28
Market Cap C$ 44,261,970,731
Recent Sedar Documents

Globe says Enbridge gives good yield

2014-10-22 06:48 ET - In the News

The Globe and Mail reports in its Wednesday, Oct. 22, edition that dividends are the Swiss trains of investing, they always arrive on schedule, regardless of what sort of turmoil the market is experiencing. The Globe's John Heinzl writes in the Yield Hog column that some firms are so predictable, in fact, that investors can anticipate not only when they will receive a dividend, but when the company will raise it. Mr. Heinzl says Enbridge will, barring a catastrophe, increase its dividend in the next few months. Few dividend companies are as predictable as pipeline operator Enbridge, which has raised its payment for 19 consecutive years. With about $36-billion of commercially secured growth projects (as of March) and a business model that largely insulates it from volatile commodity prices, the company expects to increase its dividend by 10 per cent to 12 per cent annually through 2017 -- matching growth in earnings per share. Mr. Heinzl says increases are typically announced in early December. CIBC World Markets analyst Paul Lechem maintained his "sector outperformer" rating on Enbridge in The Globe on June 26. Enbridge shares could then be had for $50.63.

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