Enbridge Inc. (ENB) to Issue Quarterly Dividend of $0.92 on September 1st

Enbridge Inc. (TSE:ENB) (NYSE:ENB) announced a quarterly dividend on Tuesday, July 30th, RTT News reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.915 per share on Sunday, September 1st. This represents a $3.66 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend is Thursday, August 15th.

Enbridge Stock Up 0.3 %

TSE:ENB opened at C$51.67 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.44 and a debt-to-equity ratio of 130.31. Enbridge has a twelve month low of C$42.75 and a twelve month high of C$52.34. The company has a market cap of C$110.06 billion, a PE ratio of 19.57, a P/E/G ratio of 0.75 and a beta of 0.88. The company’s 50 day moving average is C$49.14 and its two-hundred day moving average is C$48.52.

Enbridge (TSE:ENB) (NYSE:ENB) last issued its earnings results on Friday, May 10th. The company reported C$0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.81 by C$0.11. The company had revenue of C$11.04 billion during the quarter, compared to analyst estimates of C$12.24 billion. Enbridge had a return on equity of 8.70% and a net margin of 13.81%. Analysts anticipate that Enbridge will post 2.8613689 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ENB. JPMorgan Chase & Co. raised their price target on shares of Enbridge from C$55.00 to C$56.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Stifel Nicolaus cut their price target on Enbridge from C$52.00 to C$51.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. National Bankshares boosted their price objective on Enbridge from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a report on Monday, May 13th. CIBC raised their target price on Enbridge from C$57.00 to C$59.00 in a report on Monday, July 15th. Finally, Wells Fargo & Company lifted their price target on Enbridge from C$45.00 to C$48.00 in a research report on Tuesday, June 4th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Enbridge currently has an average rating of “Hold” and a consensus target price of C$53.63.

About Enbridge

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.