Enbridge Inc (ENB) To Go Ex-Dividend on May 15th

Enbridge Inc (NYSE:ENB – Get Free Report) (TSE:ENB) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, May 15th will be given a dividend of 0.97 per share by the pipeline company on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, May 15th.

Enbridge has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Enbridge has a payout ratio of 125.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Enbridge to earn $2.38 per share next year, which means the company may not be able to cover its $2.85 annual dividend with an expected future payout ratio of 119.7%.

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Enbridge Trading Up 0.7%

NYSE ENB opened at $54.84 on Wednesday. The company has a market capitalization of $119.75 billion, a PE ratio of 25.74 and a beta of 0.59. The company has a fifty day moving average of $53.79 and a 200 day moving average of $50.25. Enbridge has a 1 year low of $43.59 and a 1 year high of $55.49. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.81 and a quick ratio of 0.55.

Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) last posted its earnings results on Friday, May 8th. The pipeline company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $8.49 billion. Enbridge had a net margin of 9.83% and a return on equity of 11.21%. During the same period in the previous year, the firm posted $1.03 earnings per share. Research analysts forecast that Enbridge will post 2.18 earnings per share for the current year.

About Enbridge

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Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.

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