Enbridge Inc. (ENB) To Go Ex-Dividend on November 13th

Enbridge Inc. (TSE:ENB) (NYSE:ENB) announced a quarterly dividend on Friday, November 13th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.97 per share on Tuesday, December 1st. This represents a $3.88 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Friday, November 13th.

Enbridge Price Performance

Shares of Enbridge stock traded up C$0.18 during trading on Wednesday, reaching C$67.90. 2,634,314 shares of the stock traded hands, compared to its average volume of 8,618,726. The company has a market capitalization of C$151.34 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 1.72 and a beta of 0.74. Enbridge has a 52-week low of C$62.42 and a 52-week high of C$80.65. The business has a fifty day simple moving average of C$67.45 and a two-hundred day simple moving average of C$72.50. The company has a debt-to-equity ratio of 171.59, a current ratio of 0.72 and a quick ratio of 0.44.

Enbridge (TSE:ENB) (NYSE:ENB) last released its quarterly earnings results on Friday, November 6th. The company reported C$0.49 earnings per share for the quarter. Enbridge had a return on equity of 10.43% and a net margin of 7.54%. The company had revenue of C$21.08 billion for the quarter. Sell-side analysts expect that Enbridge will post 3.51 EPS for the current year.

Insiders Place Their Bets

In other Enbridge news, Director Gregory Lorne Ebel purchased 7,105 shares of the stock in a transaction on Monday, September 14th. The shares were bought at an average price of C$66.85 per share, for a total transaction of C$474,969.25. Following the completion of the transaction, the director owned 589,721 shares of the company’s stock, valued at C$39,422,848.85. This trade represents a 1.22% increase in their position. Also, insider Michele Eva Harradence purchased 7,105 shares of the stock in a transaction on Monday, September 14th. The shares were acquired at an average price of C$67.28 per share, for a total transaction of C$478,024.40. Following the transaction, the insider directly owned 87,467 shares of the company’s stock, valued at C$5,884,779.76. This represents a 8.84% increase in their position. 0.10% of the stock is currently owned by insiders.

About Enbridge

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.