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

Key Points

• Enbridge declared a quarterly dividend of C$0.97 per share, implying a 5.4% yield. The ex-dividend date and record date are August 14 and September 1, respectively.
• Enbridge shares recently traded at C$71.80, below their 50-day and 200-day moving averages. The company reported quarterly EPS of C$0.63 on C$29.32 billion in revenue.
• Insiders sold 8,855 shares worth approximately C$695,547 over the past 90 days, while insiders collectively own just 0.10% of the company.

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

Enbridge Trading Down 0.1%

Shares of Enbridge stock traded down C$0.05 on Wednesday, hitting C$71.80. The stock had a trading volume of 6,081,949 shares, compared to its average volume of 8,256,344. The stock has a 50 day moving average of C$77.43 and a 200 day moving average of C$74.61. Enbridge has a twelve month low of C$62.42 and a twelve 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. The firm has a market capitalization of C$156.82 billion, a P/E ratio of 27.72, a PEG ratio of 1.72 and a beta of 0.74.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last posted its earnings results 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 business had revenue of C$29.32 billion for the quarter. Sell-side analysts expect that Enbridge will post 3.511912 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mayank Mulraj Ashar sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of C$78.08, for a total transaction of C$390,400.00. Following the completion of the sale, the director directly owned 45,000 shares of the company's stock, valued at approximately C$3,513,600. This trade represents a 10.00% decrease in their ownership of the stock. Also, insider Melissa Marie Laforge sold 855 shares of Enbridge stock in a transaction on Friday, May 22nd. The stock was sold at an average price of C$80.16, for a total value of C$68,536.80. Following the sale, the insider owned 7,904 shares in the company, valued at C$633,584.64. This trade represents a 9.76% decrease in their ownership of the stock. Insiders sold a total of 8,855 shares of company stock worth $695,547 in the last 90 days. Company insiders own 0.10% of the company's stock.

Enbridge Company Profile

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.

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