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

Enbridge Inc (NYSE:ENB) (TSE:ENB) declared a quarterly dividend on Monday, July 27th. Investors of record on Friday, August 14th will be given a dividend of 0.97 per share by the pipeline company on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Friday, August 14th.

Enbridge has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. Enbridge has a payout ratio of 120.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Enbridge to earn $2.30 per share next year, which means the company may not be able to cover its $2.75 annual dividend with an expected future payout ratio of 119.6%.

Enbridge Trading Up 0.4%

ENB stock opened at $51.60 on Wednesday. Enbridge has a 1-year low of $45.03 and a 1-year high of $58.45. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.66. The company has a market capitalization of $112.71 billion, a price-to-earnings ratio of 27.60 and a beta of 0.58. The business has a 50 day simple moving average of $54.97 and a two-hundred day simple moving average of $53.88.

Enbridge (NYSE:ENB) (TSE:ENB) last released its quarterly earnings data on Friday, July 31st. The pipeline company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $9.70 billion for the quarter, compared to analysts’ expectations of $8.67 billion. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. During the same quarter last year, the business posted $0.65 earnings per share. Research analysts anticipate that Enbridge will post 2.1 EPS for the current fiscal year.

About Enbridge

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.