Thursday, November 30, 2017

Dividend Increase – Enbridge Inc. (ENB)

Yesterday the Board of Directors of Enbridge Inc. announced a quarterly dividend increase of from CA$ 0.61 to CA$ 0.671 per share that’s payable March 1, 2018 to holders of record February 15, 2017. The declared dividend represents a 10 percent increase from the prior quarterly rate and the twenty-third consecutive year in which the Company has increased its common share dividend. With current price CA$ 45.75 (yesterday's close), this raise brings their dividend yield to 5.87%.

Since I own 285 shares of ENB, this will increase my portfolio's projected annual net dividend income by CA$ 51.81.

That increase rises my YOC to 5.55%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Thanks for stopping by! 

1 comment:

  1. Woot woot thanks hawk. My biggest holding. I saw enbridge income fund boosted theirs but didnt know about this. Sweet!