ENB Dividend dates 2023
| Ex-Date | Amount | Frequency | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|
| Aug 13, 2023 | C$0.89 | Quarterly | ― | Aug 14, 2023 | Aug 31, 2023 |
| May 11, 2023 | C$0.89 | Quarterly | May 02, 2023 | May 14, 2023 | May 31, 2023 |
| Feb 13, 2023 | C$0.89 | Quarterly | Nov 29, 2022 | Feb 14, 2023 | Feb 28, 2023 |
| Nov 13, 2022 | C$0.86 | Quarterly | Nov 01, 2022 | Nov 14, 2022 | Nov 30, 2022 |
| Aug 11, 2022 | C$0.86 | Quarterly | Jul 25, 2022 | Aug 14, 2022 | Aug 31, 2022 |
| May 11, 2022 | C$0.86 | Quarterly | May 02, 2022 | May 12, 2022 | May 31, 2022 |
| Feb 13, 2022 | C$0.86 | Quarterly | Feb 17, 2022 | Feb 14, 2022 | Feb 28, 2022 |
ENB Dividend Growth Grade
VIEW RATINGS
| ENB:CA | |
|---|---|
| 1 Year Dividend Growth Rate (TTM) | 3.10% |
| Dividend Per Share Growth (FWD) | 2.99% |
| Dividend Per Share Growth FY1 – FY3 (CAGR) | 1.75% |
| Dividend Growth Rate 3Y (CAGR) | 3.60% |
| Dividend Growth Rate 5Y (CAGR) | 6.07% |
| Dividend Growth Rate 10Y (CAGR) | 18.78% |
| Revenue Growth (FWD) | 0.88% |
| EPS Diluted Growth (FWD) | 1.74% |
| Free Cash Flow Per Share Growth Rate (FWD) | 75.82% |
| EBITDA Growth (FWD) | 5.38% |
ENB: Overview, Price and Chart
Enbridge is responsible for transporting a quarter of the oil produced in North America through its extensive pipeline system. The company also transports one-fifth of the natural gas used in the United States.
Enbridge is often part of the best dividend stocks in Canada. And for a good reason! Despite a high dividend rate and sometimes bad economic conditions, the company has never reduced its dividends and continues to increase them.
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Definition of dividends
Dividends are the portion of a company’s profits that is distributed to its shareholders. These payments represent a return on the investment made by shareholders in the company. Dividends can be in the form of cash, additional shares of stock, or other assets, and are typically paid out regularly, such as on a quarterly basis. They serve as a way for companies to reward their shareholders for their ownership, and for investors, dividends can provide a steady stream of income or a reinvestment option for long-term growth.
Types of dividends in the Canadian market
In the Canadian market, several types of dividends are prevalent:
Cash Dividends: These are the most common, involving direct cash payments to shareholders. They’re usually paid out on a regular schedule, such as quarterly, and provide shareholders with immediate income.
Stock Dividends: Also known as bonus shares, companies issue additional shares to shareholders instead of cash. This type of dividend doesn’t provide immediate income but increases the shareholder’s ownership stake in the company.
Dividend Reinvestment Plans (DRIPs): These allow shareholders to reinvest their dividends to purchase more shares, often at a discounted price, enabling compounded growth.
Special Dividends: Occasional one-time payments outside the regular dividend schedule, typically when a company experiences exceptional profits.
Preferred Dividends: Typically paid to preferred shareholders, these dividends take precedence over common stock dividends and are usually fixed.
Eligible and Non-Eligible Dividends: Canada’s tax system differentiates between these two types, affecting the tax rates shareholders pay on the dividends received.
Understanding these dividend types is essential for Canadian investors to make informed decisions aligning with their financial goals and tax considerations.