As a business, we have a responsibility to deliver strong financial
performance, which contributes to long-term shareholder value and
sustainability. At the same time, we recognize that the steady, sustained
growth of our business can, and should, provide economic value to the
communities where we operate.
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Some of our key 2004 achievements were:
- recording earnings of $645.3 million ($3.86 per common share), compared with
$667.2 million ($4.03 per share) in 2003
- achieving adjusted operating earnings of $508.4 million ($3.04 per share),
8% higher than the previous year
- paying $316 million to investors as dividends, up 11% from the previous year
- expanding Enbridge's continental reach to tap energy opportunities in
the Gulf of Mexico, Texas and Northern Canada
- being ranked one of the world's top sustainable companies at the World Economic
Forum in Davos, Switzerland.
TOTAL SHAREHOLDER RETURN (as at Deceember 31, 2004) (%)
EARNINGS APPLICABLE TO COMMON SHAREHOLDERS (millions of dollars)
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