Enbridge Inc. (ENB) To Go Ex-Dividend on August 14th

Enbridge Inc. (TSE:ENBGet Free Report) (NYSE:ENB) announced a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Investors of record on Tuesday, September 1st will be given a dividend of 0.97 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, August 14th.

Enbridge Price Performance

Shares of TSE:ENB traded up C$0.20 on Wednesday, hitting C$72.05. The company’s stock had a trading volume of 6,541,676 shares, compared to its average volume of 8,220,922. Enbridge has a 1 year low of C$62.42 and a 1 year high of C$80.65. The company has a debt-to-equity ratio of 171.59, a current ratio of 0.72 and a quick ratio of 0.44. The company has a market capitalization of C$157.36 billion, a PE ratio of 27.82, a PEG ratio of 1.72 and a beta of 0.74. The company has a 50-day simple moving average of C$77.43 and a 200 day simple moving average of C$74.61.

Enbridge (TSE:ENBGet Free Report) (NYSE:ENB) last released its earnings results on Friday, July 31st. The company reported C$0.63 EPS for the quarter. The business had revenue of C$29.32 billion for the quarter. Enbridge had a return on equity of 10.01% and a net margin of 7.28%. Sell-side analysts forecast that Enbridge will post 3.511912 EPS for the current fiscal year.

Insider Activity

In other Enbridge news, Director Mayank Mulraj Ashar sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of C$78.08, for a total transaction of C$390,400.00. Following the sale, the director directly owned 45,000 shares of the company’s stock, valued at C$3,513,600. The trade was a 10.00% decrease in their ownership of the stock. Also, insider Melissa Marie Laforge sold 855 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$80.16, for a total value of C$68,536.80. Following the sale, the insider owned 7,904 shares in the company, valued at approximately C$633,584.64. This trade represents a 9.76% decrease in their ownership of the stock. In the last quarter, insiders sold 8,855 shares of company stock valued at $695,547. 0.10% of the stock is currently owned by company insiders.

About Enbridge

(Get Free Report)

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.

Further Reading

Dividend History for Enbridge (TSE:ENB)

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