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

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 annualized dividend and a yield of 5.7%. The ex-dividend date is Friday, November 13th.

Enbridge Trading Up 0.2%

Shares of TSE:ENB traded up C$0.16 during trading on Wednesday, reaching C$67.88. 2,373,213 shares of the stock were exchanged, compared to its average volume of 8,608,622. The firm’s 50-day moving average price is C$67.45 and its 200 day moving average price is C$72.50. The firm has a market cap of C$151.29 billion, a price-to-earnings ratio of 26.21, a price-to-earnings-growth ratio of 1.72 and a beta of 0.74. Enbridge has a 12-month low of C$62.42 and a 12-month high of C$80.65. 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 (TSE:ENB) (NYSE:ENB) last announced its quarterly earnings results on Friday, November 6th. The company reported C$0.49 earnings per share for the quarter. Enbridge had a net margin of 7.54% and a return on equity of 10.43%. The firm had revenue of C$21.08 billion for the quarter. On average, sell-side analysts anticipate that Enbridge will post 3.51 earnings per share for the current fiscal year.

Insiders Place Their Bets

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