Enbridge Inc (NYSE:ENB) Updates On Quarterly Dividend


As per Enbridge Inc (NYSE:ENB) statement on 2016-07-29, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.407 per share as dividend to stakeholders. The record date is set as 2016-08-15, the payout date as 2016-09-01 and the ex-dividend date is 2016-08-11.

Last fiscal Enbridge Inc (NYSE:ENB) disbursed cash dividend of $0.407. A year ago, the payout was $0.407, which indicates a difference of 8.9622%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.407, implying 10.8737% growth.

For the period ended on 2015-12-31, Enbridge Inc (NYSE:ENB)’s earnings came at $0.38 per share compared to EPS of $0.36 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-11-03. For this quarter, the analysts have earnings estimate of $0.21 per share.

The interim price target for Enbridge Inc (NYSE:ENB) is set at $47.59. This level is the mean price reached by averaging the stock views of 4 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Enbridge Inc (NYSE:ENB) is seen at $60 and the lowest level is established at $43. This broad range highlights a standard deviation of $8.283 in reported estimates.

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