The Globe and Mail reports in its Saturday, April 22, edition that Enbridge raised its
dividend by 10 per cent in January
and said it would announce
another increase following its
merger with Spectra Energy. The Globe's John Heinzl writes that the deal closed on Feb.
27, but there has been no increase since then.
Mr. Heinzl anticipate that a dividend boost
will still take place. Mr. Heinzl says that on Enbridge's fourth quarter
conference call in February, president
and chief executive officer
Al Monaco said the company
expects to "formalize the dividend
top-up announcement"
when it releases first quarter
results on May 11. Enbridge has
said the top-up would bring the
total dividend increase in 2017 to
about 15 per cent.
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