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

Enbridge Inc. (TSE:ENB) (NYSE:ENB) declared a quarterly dividend on Friday, November 14th, TickerTech Dividends reports. Shareholders of record on Monday, December 1st will be given a dividend of 0.9425 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, November 14th.

Enbridge Price Performance

Shares of Enbridge stock traded up C$0.58 on Wednesday, hitting C$68.26. The company’s stock had a trading volume of 4,173,924 shares, compared to its average volume of 7,914,862. The company has a market capitalization of C$148.84 billion, a price-to-earnings ratio of 24.04, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91. The firm has a fifty day moving average price of C$67.30 and a 200-day moving average price of C$64.70. The company has a debt-to-equity ratio of 144.86, a quick ratio of 0.44 and a current ratio of 0.62. Enbridge has a 1 year low of C$56.51 and a 1 year high of C$70.39.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Cibc World Mkts cut Enbridge from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Argus raised shares of Enbridge to a “strong-buy” rating in a report on Tuesday, August 12th. ATB Capital lifted their target price on shares of Enbridge from C$66.00 to C$67.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Royal Bank Of Canada raised their target price on Enbridge from C$67.00 to C$72.00 in a research note on Monday. Finally, Scotiabank boosted their price target on shares of Enbridge from C$65.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Enbridge currently has a consensus rating of “Moderate Buy” and an average target price of C$69.50.

About Enbridge

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada’s largest natural gas distribution company.