Enbridge Inc. (TSE:ENB) to Issue Quarterly Dividend of $0.97

Enbridge Inc. (TSE:ENB) (NYSE:ENB) declared a quarterly dividend on Friday, May 15th, TickerTech Dividends reports. Investors of record on Monday, June 1st will be paid a dividend of 0.97 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Friday, May 15th.

Enbridge Price Performance

TSE:ENB traded up C$0.04 during midday trading on Wednesday, hitting C$75.23. The company had a trading volume of 3,584,678 shares, compared to its average volume of 8,449,945. Enbridge has a 52-week low of C$59.68 and a 52-week high of C$77.18. The stock’s fifty day moving average price is C$73.85 and its 200-day moving average price is C$69.29. The company has a market capitalization of C$164.18 billion, a PE ratio of 23.36, a P/E/G ratio of 1.72 and a beta of 0.87. The company has a quick ratio of 0.44, a current ratio of 0.81 and a debt-to-equity ratio of 168.58.

Enbridge (TSE:ENB) (NYSE:ENB) last announced its earnings results on Friday, May 8th. The company reported C$0.98 earnings per share (EPS) for the quarter. Enbridge had a net margin of 9.73% and a return on equity of 11.41%. The company had revenue of C$22.36 billion during the quarter. As a group, research analysts expect that Enbridge will post 3.511912 earnings per share for the current year.

Enbridge Company Profile

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We’re investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We’re advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.