Wednesday, December 8, 2021

Dividend Increase #86 of 2021 - Enbridge Inc. (ENB)



Yesterday, December 7th the Board of Directors of Enbridge Inc. (ENB) announced a quarterly dividend increase of from CA$ 0.835 to CA$ 0.86 per share that’s payable March 1, 2022 to holders of record February 15, 2022. This represents a 2.99% increase over the last quarterly dividend.


With current price CA$ 49.02 (today's open), this raise brings their dividend yield to 7.02%.


Enbridge is a member of Canadian Dividend All Star List with a 26 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 9.8, 10.3, 11.7 and 14.3 (Canadian Dividend All-Star List)



Since I own 165 shares of ENB, this will increase my portfolio's projected annual net dividend income by $ 9.72.


The amount of the increase was the same as last time, however, I was expecting an annual increase of about 5%, so this was a slight disappointment, but certainly much better than the dividend cut.


This is the fifth dividend increase I received from ENB since initiating a position in May 2017. During this period, the quarterly dividend has risen moderately from $0.61 to $0.86, or 41%.


This increase raises my YOC to 7.70%.



Summary of 2021 Dividend Increases / Cuts



Click here to see my portfolio holdings.


You can follow the development of my dividends here.


Full Disclosure: Long ENB


Thanks for stopping by!



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