Latest Videos

{{ currentStream.Name }}

Related Video

Continuous Play:
ON OFF

The information you requested is not available at this time, please check back again soon.

More Video

Dec 10, 2019

Enbridge raising quarterly dividend by nearly 10%

Ross Healy compares Keyera and Enbridge

VIDEO SIGN OUT

Security Not Found

The stock symbol {{StockChart.Ric}} does not exist

See Full Stock Page »

CALGARY -- Enbridge Inc. is raising its dividend by nearly 10 per cent.

The pipeline company says it will start paying a quarterly dividend of 81 cents, effective March 1, up from its previous rate of 73.8 cents.

The shares will have a yield of about 6.3 per cent, based on Enbridge's closing share price on Monday.

In its outlook for 2020, Enbridge says it expects earnings before interest, taxes, depreciation and amortization of about $13.7 billion.

Distributable cash flow per share for 2020 is expected to be in a rage of $4.50 to $4.80 per share.

Enbridge chief executive Al Monaco says the company's emphasis in the near term will be on capital efficient in-franchise growth and executing its secured capital projects.

"Over the medium to longer term, Enbridge's diversified asset base, integrated infrastructure networks and extensive reach provide us with many opportunities to extend growth," Monaco says.