Enbridge Inc. Announces Three Percent Quarterly Dividend Increase for 2021

Rhea-AI Summary

Enbridge Inc. (ENB) declared a quarterly dividend of $0.835 per common share, marking a three percent increase from the previous rate. The dividend will be payable on March 1, 2021, to shareholders of record on February 12, 2021. This announcement highlights the company’s commitment to returning value to its shareholders, as it represents the twenty-sixth consecutive year of dividend increases.

Positive

• Quarterly dividend increased by 3% to $0.835.
• Twenty-sixth consecutive annual dividend increase.

Negative

• None.

CALGARY, AB, Dec. 8, 2020 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that its Board of Directors has declared a quarterly dividend of $0.835 per common share, payable on March 1, 2021 to shareholders of record on February 12, 2021. The declared dividend represents a three percent increase from the prior quarterly rate and the twenty-sixth consecutive year in which the Company has increased its common share dividend.

DIVIDEND DECLARATION

On December 7, 2020, the Enbridge Board of Directors declared the following quarterly dividends.  All dividends are payable on March 1, 2021 to shareholders of record on February 12, 2021. 

Common Shares	$0.835
Preference Shares, Series A	$0.34375
Preference Shares, Series B	$0.21340
Preference Shares, Series C	$0.15349
Preference Shares, Series D	$0.27875
Preference Shares, Series F	$0.29306
Preference Shares, Series H	$0.27350
Preference Shares, Series J	US$0.30540
Preference Shares, Series L	US$0.30993
Preference Shares, Series N	$0.31788
Preference Shares, Series P	$0.27369
Preference Shares, Series R	$0.25456
Preference Shares, Series 1	US$0.37182
Preference Shares, Series 3	$0.23356
Preference Shares, Series 5	US$0.33596
Preference Shares, Series 7	$0.27806
Preference Shares, Series 9	$0.25606
Preference Shares, Series 11	$0.24613
Preference Shares, Series 13	$0.19019
Preference Shares, Series 15	$0.18644
Preference Shares, Series 17	$0.321875
Preference Shares, Series 19	$0.30625

About Enbridge Inc.

Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S.; Gas Distribution and Storage, which serves approximately 3.8 million retail customers in Ontario and Quebec; and Renewable Power Generation, which generates approximately 1,750 MW of net renewable power in North America and Europe. The Company's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Media
Jesse Semko
Toll Free: (888) 992-0997
Email: media@enbridge.com

Investment Community
Jonathan Morgan
Toll Free: (800) 481-2804
Email: investor.relations@enbridge.com

View original content:http://www.prnewswire.com/news-releases/enbridge-inc-announces-three-percent-quarterly-dividend-increase-for-2021-301187797.html

SOURCE Enbridge Inc.

FAQ

What is the latest dividend amount declared by Enbridge (ENB)?

Enbridge declared a quarterly dividend of $0.835 per common share.

When will the dividend be paid to Enbridge shareholders?

The dividend will be paid on March 1, 2021.

What is the record date for the Enbridge dividend?

The record date for the dividend is February 12, 2021.

How many years has Enbridge increased its dividend?

Enbridge has increased its dividend for twenty-six consecutive years.