Enbridge Inc (NYSE:ENB) Declares Dividend Increase - C$0.97 Per Share
Enbridge Inc (NYSE:ENB) announced a quarterly dividend increase to C$0.97 per share, a 2.9% rise from the previous dividend of $0.94. The dividend yield is 8.1%, with a payout ratio of 118%, indicating reliance on the balance sheet for payments. Analysts expect earnings of $2.18 per share next year, insufficient to cover the $2.69 annual dividend. Enbridge's stock traded down 0.8% to $47.73, with a market cap of $104.10 billion.
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