Dividends and Securities Info



We have a consistent track record of delivering annual dividend increases, and our continuing goal is to deliver superior shareholder returns through capital appreciation and dividends.

Enbridge has paid dividends for over 64 years to its shareholders. In January 2017, we announced a 10% increase to our dividend per share, increasing the quarterly dividend to $0.583, which translates into $2.33 on an annualized basis. This increase represents the 22nd consecutive year of increased dividends for the Company. Over the past 20 years, the dividend has grown at an average compound annual growth rate of 11.2%.

Equally important, our dividend growth has not come at the expense of our financial strength as Adjusted Cash Flow from Operations (‘ACFFO’) coverage of our dividend remained very strong in 2016, at approximately two times.

20 Year Dividend Growth

At our next regularly scheduled dividend announcement in mid-May, we anticipate that there will be a further increase to the 2017 quarterly common share dividend by an amount sufficient to bring the aggregate increase in the quarterly dividend to approximately 15% above the prevailing quarterly rate in 2016. Furthermore, we expect that our highly transparent growth outlook will translate into annual dividend growth of 10% – 12% through 2024 based on the strength of our $27-billion commercially secured growth capital program in execution, along with our $48-billion of risk-weighted projects in development.

Dividend-share-outlook

Enbridge’s target dividend payout is between 50 to 60 percent of ACFFO, providing a healthy balance between returning income to shareholders and retaining income for reinvestment in new growth opportunities.

Common Share Dividend Information

Enbridge Inc.: ENB
Common Share Dividends

Q4/16 Q1/17 Q2/17 Q3/17 Q4/17
Dividend(1) $0.53 $0.583 $0.61 $-(1) $-(1)
Payment Date Dec. 1 Mar. 1 Jun. 1 Sep. 1 Dec. 1
Record Date(2) Nov. 15 Feb. 15 May 15 Aug. 15 Nov. 15
SPP Deadline(3)  Nov. 24 Feb. 22 May 25 Aug. 25 Nov. 24
DRIP Enrolment(4) Nov. 8 Feb. 8 May 8 Aug. 8 Nov. 8
  • (1) Amount will be announced as declared by the Board of Directors.
  • (2) Dividend Record Dates for Common Shares are generally February 15, May 15, August 15 and November 15 in each year, unless the 15th falls on a Saturday or Sunday.
  • (3) The Share Purchase Plan Cut-off Date is five business days prior to the Dividend Payment Date.
  • (4) The Dividend Reinvestment Program Enrolment Cut-off Date is five business days prior to the Dividend Record Date.

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