Dividends and Securities Info

Enbridge has paid dividends for over 63 years to its shareholders. The annualized dividend is currently $2.12 per share, which represents the 21st consecutive year of increased dividends for the Company. These increases reflect strong year-over-year growth and the confidence we have in our outlook. 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 remains very strong at approximately two times.

Over the past 20 years, the dividend has delivered average compound annual growth of 10.6%. We expect that our highly transparent growth outlook will translate into annual dividend growth of 10% – 12% through 2019. However, dividend growth could exceed this level depending on the success we have in securing and funding new growth opportunities beyond those included in our $26-billion commercially-secured growth program.

20year dividend growth

We have consistent track record of delivering annual dividend increases, and our continuing goal is to deliver superior shareholder returns through capital appreciation and dividends
(1) Compoind Annual Growth Rate (CAGR) is the mean annual growth rate in an investment over a specified time period.

Enbridge’s target dividend payout is between 40 to 50 per cent 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      
Payment Date Dec. 1 Mar. 1      
Record Date(2) Nov. 15 Feb. 15      
SPP Deadline(3)  Nov. 24 Feb. 22    
DRIP Enrolment(4) Nov. 8 Feb. 8    
  • (1) 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.
  • (2) The Dividend Reinvestment Program Enrolment Cut-off Date is five business days prior to the Dividend Record Date.
  • (3) The Share Purchase Plan Cut-off Date is five business days prior to the Dividend Payment Date.
  • (4) Amount will be announced as declared by the Board of Directors.