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

Enbridge Inc. (TSE:ENB) (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) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, August 14th.

Enbridge Trading Up 0.1%

TSE:ENB traded up C$0.05 during mid-day trading on Wednesday, hitting C$71.90. The company had a trading volume of 6,233,740 shares, compared to its average volume of 8,256,344. The company has a debt-to-equity ratio of 171.59, a quick ratio of 0.44 and a current ratio of 0.72. Enbridge has a fifty-two week low of C$62.42 and a fifty-two week high of C$80.65. The firm has a market cap of C$157.04 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.72 and a beta of 0.74. The business’s fifty day moving average is C$77.43 and its two-hundred day moving average is C$74.61.

Enbridge (TSE:ENB) (NYSE:ENB) last posted its earnings results on Friday, July 31st. The company reported C$0.63 earnings per share (EPS) for the quarter. The company had revenue of C$29.32 billion during the quarter. Enbridge had a return on equity of 10.01% and a net margin of 7.28%. As a group, research analysts expect that Enbridge will post 3.511912 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ENB has been the subject of a number of analyst reports. Raymond James Financial cut shares of Enbridge from a “moderate buy” rating to a “hold” rating in a report on Friday, July 31st. Royal Bank Of Canada increased their target price on shares of Enbridge from C$76.00 to C$79.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Scotiabank lifted their price target on shares of Enbridge from C$78.00 to C$84.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 21st. National Bank Financial boosted their price target on shares of Enbridge from C$73.00 to C$81.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. Finally, TD upped their price objective on shares of Enbridge from C$79.00 to C$81.00 and gave the company a “hold” rating in a research report on Thursday, June 25th. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$76.00.

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.