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

Enbridge Inc. (TSE:ENB) (NYSE:ENB) announced a quarterly dividend on Friday, August 14th, TickerTech Dividends reports. Investors of record on Tuesday, September 1st will be paid a dividend of 0.97 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Friday, August 14th.

Enbridge Stock Performance

Enbridge stock traded down C$0.05 during midday trading on Wednesday, reaching C$71.80. The stock had a trading volume of 6,081,949 shares, compared to its average volume of 8,256,344. Enbridge has a 12 month low of C$62.42 and a 12 month high of C$80.65. The firm’s 50-day moving average price is C$77.43 and its 200 day moving average price is C$74.61. The firm has a market capitalization of C$156.82 billion, a PE ratio of 27.72, a P/E/G ratio of 1.72 and a beta of 0.74. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 171.59.

Enbridge (TSE:ENB) (NYSE:ENB) last released its quarterly earnings data on Friday, July 31st. The company reported C$0.63 EPS for the quarter. Enbridge had a net margin of 7.28% and a return on equity of 10.01%. The company had revenue of C$29.32 billion during the quarter. As a group, research analysts predict that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Insider Activity at Enbridge

In other news, Director Mayank Mulraj Ashar sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of C$78.87, for a total value of C$236,610.00. Following the completion of the sale, the director owned 42,000 shares of the company’s stock, valued at approximately C$3,312,540. This represents a 6.67% decrease in their position. Also, insider Melissa Marie Laforge sold 855 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$80.16, for a total transaction of C$68,536.80. Following the sale, the insider owned 7,904 shares of the company’s stock, valued at approximately C$633,584.64. The trade was a 9.76% decrease in their ownership of the stock. In the last ninety days, insiders sold 8,855 shares of company stock valued at $695,547. 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.