Enbridge Inc (TSE:ENB) (NYSE:ENB) declared a quarterly dividend on Tuesday, April 23rd, RTT News reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.738 per share on Saturday, June 1st. This represents a $2.95 annualized dividend and a dividend yield of 5.93%. The ex-dividend date of this dividend is Tuesday, May 14th.
Shares of ENB stock traded up C$0.13 during trading hours on Friday, hitting C$49.76. The company had a trading volume of 5,458,120 shares, compared to its average volume of 5,119,149. The company has a debt-to-equity ratio of 90.94, a quick ratio of 0.54 and a current ratio of 0.64. Enbridge has a fifty-two week low of C$39.40 and a fifty-two week high of C$51.22. The firm has a market cap of $100.44 billion and a P/E ratio of 22.70.
In other Enbridge news, Director Albert Monaco purchased 7,806 shares of Enbridge stock in a transaction on Tuesday, March 5th. The shares were purchased at an average cost of C$49.33 per share, with a total value of C$385,069.98. Following the completion of the transaction, the director now directly owns 813,101 shares in the company, valued at approximately C$40,110,272.33.
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Enbridge Inc operates as an energy infrastructure company in Canada and the United States. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, and Energy Services. The Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals.
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