Wednesday, February 2, 2011

News Update: 15% Dividend Increase by Enbridge Inc. (TSE:ENB)



Enbridge Building, downtown Edmonton, Alberta,...Image via WikipediaEnbridge is increasing its dividends by 15% to 0.49$ per share per quarter payable on March 1, 2011. The increase represents a 7.5 cents increase over the previous dividends. Enbridge's policy is to payout 60% - 70% of its adjusted earnings in dividends to shareholders.

For some details on the company, see part 5 of my energy distributors comparison from a few months ago. Enbridge had paid dividends since 1953 and has had very regular increases as you can see in the graph below.



Full Disclosure: I am currently DRiPing ENB with CIBC Mellon.
Enhanced by Zemanta

No comments:

Post a Comment