I had Spectra stock; now I have Enbridge stock. Why did my dividend get shortened?

Our Answer

Ron asked this question on March 14, 2017.

Hi Ron,

Spectra Energy paid out its final dividend of $0.440 (USD) on March 1, 2017, to shareholders of record on February 15, 2017. This was an increase compared to the December 2016 dividend per share of $0.405 (USD).

If you only recently became an Enbridge shareholder as part of the merger which closed on February 27, 2017, you would not have received a dividend payment from Enbridge at this time.