Dividends and Common Shares

28 year dividend growth chart 

Enbridge common shares have a Compound Annual Growth Rate (CAGR) of 10% over the past 28 years.

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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 68 years to its shareholders. In December 2022, we announced a 3.2% increase to our dividend per share, increasing the quarterly dividend to $0.8875. This translates into $3.55 dividend per share on an annualized basis for 2023. Over the past 28 years, the dividend has grown at an average compound annual growth rate of 10%.

Equally important, our dividend growth has not come at the expense of our financial strength as our dividend payout ratio is expected to remain within our target dividend payout ratio which is between 60 and 70% of DCF, providing a healthy balance between returning income to shareholders and retaining income for reinvestment in new growth opportunities.

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Common Share Dividend Information

Enbridge Inc.: ENB
Common Share Dividends

Q4/22 Q1/23 Q2/23 Q3/23 Q4/23
Dividend $0.86000 $0.88750 $0.88750 $0.88750 $0.88750
Payment Date Dec. 1 March 1 June 1 Sept. 1 Dec. 1
Record Date(1) Nov. 15 Feb. 15 May 15 Aug. 15 Nov. 15
  • (1) Dividend Record Dates for Common Shares are generally Feb. 15, May 15, Aug. 15 and Nov. 15 in each year, unless the 15th falls on a Saturday or Sunday.

Dividend Tax Info

Tax treatment of dividends differ for shareholders depending on their country of residence.

Read more about these differences.