Enbridge Inc. (TSE:ENB) Plans Quarterly Dividend of $0.94

Enbridge Inc. (TSE:ENB) (NYSE:ENB) declared a quarterly dividend on Friday, February 14th,RTT News reports. Stockholders of record on Saturday, March 1st will be paid a dividend of 0.9425 per share on Saturday, March 1st. This represents a $3.77 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date is Friday, February 14th. This is a boost from Enbridge’s previous quarterly dividend of $0.92.

Enbridge Stock Performance

Shares of ENB opened at C$64.69 on Wednesday. The stock has a 50 day moving average price of C$61.97 and a 200 day moving average price of C$57.80. The company has a quick ratio of 0.44, a current ratio of 0.76 and a debt-to-equity ratio of 131.26. The company has a market capitalization of C$141.02 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 1.72 and a beta of 0.90. Enbridge has a 52-week low of C$45.05 and a 52-week high of C$65.62.

Insider Buying and Selling at Enbridge

In related news, Senior Officer Cynthia Lynn Hansen sold 1,106 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$59.94, for a total transaction of C$66,293.64. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wells Fargo & Company boosted their price objective on Enbridge from C$57.00 to C$60.00 in a research note on Thursday, December 5th. Barclays boosted their price objective on Enbridge from C$59.00 to C$64.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their price target on Enbridge from C$66.00 to C$69.00 in a research note on Thursday, December 5th. Jefferies Financial Group upped their price target on Enbridge from C$59.00 to C$65.00 in a research note on Thursday, January 30th. Finally, Royal Bank of Canada upped their price target on Enbridge from C$59.00 to C$63.00 in a research note on Wednesday, December 4th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$62.23.

Enbridge Company Profile

Enbridge Inc, together with its subsidiaries, operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States.