Enbridge Inc. (ENB) to Issue Quarterly Dividend of $0.94 on December 1st

Enbridge Inc. (TSE:ENB) (NYSE:ENB) declared a quarterly dividend on Friday, November 14th, TickerTech Dividends reports. Stockholders of record on Monday, December 1st will be given a dividend of 0.9425 per share on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, November 14th.

Enbridge Stock Up 0.6%

Enbridge stock traded up C$0.43 during trading hours on Wednesday, hitting C$68.11. The stock had a trading volume of 5,510,272 shares, compared to its average volume of 7,921,442. The stock’s 50-day moving average price is C$67.30 and its 200-day moving average price is C$64.70. The stock has a market capitalization of C$148.51 billion, a P/E ratio of 23.98, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91. Enbridge has a 12-month low of C$56.51 and a 12-month high of C$70.39. The company has a quick ratio of 0.44, a current ratio of 0.62 and a debt-to-equity ratio of 144.86.

Analyst Ratings Changes

Several research firms have recently weighed in on ENB. CIBC boosted their price target on Enbridge from C$70.00 to C$71.00 in a research note on Monday. Raymond James Financial raised their price objective on Enbridge from C$74.00 to C$76.00 in a research note on Monday. Argus raised shares of Enbridge to a “strong-buy” rating in a report on Tuesday, August 12th. Cibc World Mkts cut shares of Enbridge from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Finally, Jefferies Financial Group upped their price target on shares of Enbridge from C$72.00 to C$73.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$69.50.

About Enbridge

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.