Enbridge Inc. (ENB) To Go Ex-Dividend on November 15th

Enbridge Inc. (NYSE:ENB) (TSE:ENB) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.676 per share by the pipeline company on Sunday, December 1st. This represents a $2.70 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Enbridge’s previous quarterly dividend of $0.67.

Enbridge has increased its dividend payment by an average of 3.6% annually over the last three years. Enbridge has a payout ratio of 121.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Enbridge to earn $2.14 per share next year, which means the company may not be able to cover its $2.63 annual dividend with an expected future payout ratio of 122.9%.

Enbridge Trading Down 1.4 %

Shares of Enbridge stock opened at $42.18 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.62 and a quick ratio of 0.54. Enbridge has a 1 year low of $32.76 and a 1 year high of $43.00. The company has a market capitalization of $91.84 billion, a P/E ratio of 19.53, a P/E/G ratio of 4.16 and a beta of 0.93. The business has a 50 day moving average price of $40.98 and a 200 day moving average price of $38.28.

Enbridge (NYSE:ENB) (TSE:ENB) last issued its quarterly earnings data on Friday, November 1st. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.15. Enbridge had a return on equity of 9.94% and a net margin of 13.54%. The firm had revenue of $10.91 billion during the quarter, compared to the consensus estimate of $4.54 billion. During the same period in the previous year, the firm posted $0.46 EPS. Sell-side analysts anticipate that Enbridge will post 2.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ENB has been the subject of several analyst reports. Jefferies Financial Group downgraded Enbridge from a “buy” rating to a “hold” rating in a report on Monday, September 30th. Morgan Stanley began coverage on Enbridge in a report on Friday, October 25th. They issued an “equal weight” rating for the company. Finally, Wells Fargo & Company upgraded Enbridge from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 6th.

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.