Enbridge, Inc - ENB STOCK NEWS

Enbridge Inc. has declared a quarterly dividend of $0.835 per common share, payable on June 1, 2021, to shareholders on record as of May 14, 2021. This dividend amount remains unchanged from the previous quarter's announcement on March 1, 2021. Additionally, various dividends for Enbridge's preferred shares were announced, all payable on the same date. The company continues to operate in the energy sector, managing significant infrastructure across North America.

Enbridge has partnered with Walker Industries and Comcor Environmental to develop renewable natural gas (RNG) projects in Canada. This initiative aims to convert landfill waste into carbon-neutral energy, reducing overall carbon emissions while powering homes and businesses. The Niagara RNG facility, set to launch in 2022, represents the first project in this venture. Canada has the potential to produce over 33 Petajoules of RNG, enough to supply energy to 400,000 homes annually. The partnership is poised to create jobs and drive the nation’s transition to a low-carbon future.

Enbridge Inc. will hold a conference call and webcast on May 7, 2021, at 7:00 a.m. MT (9:00 a.m. ET) to discuss its 2021 first quarter results. The call will feature prepared remarks from the executive team followed by a Q&A session for analysts and investors. Financial results will be announced before market opening on the same day. Participants can join the call by dialing (833) 233-4460 for North America or (647) 689-4543 for international attendees, using passcode 5072874. A replay of the webcast will be available shortly after.

Enbridge Inc. (ENB) has announced its Annual Meeting of Shareholders scheduled for May 5, 2021, at 1:30 p.m. MT. The meeting will be held virtually, accessible via a live audio webcast. Interested parties can participate and find voting instructions on the Company's website. Enbridge is a prominent North American energy infrastructure company, known for transporting crude oil and natural gas, while also engaging in renewable power generation.

A report by a Canadian House of Commons Special Committee emphasizes the crucial role of the Line 5 pipeline for both Canada and the U.S. The committee urges immediate bi-national action to resolve disputes related to the pipeline's Straits of Mackinac crossing. The report highlights that shutting down Line 5 could lead to safety concerns, energy shortages, and job losses in both nations. Since early 2021, significant support for uninterrupted operations has emerged from governments, labor groups, and citizens, underpinning its economic significance. Enbridge confirms its commitment to resolving the issue through executive action.

Enbridge Inc. (ENB), a leader in North American energy infrastructure, announced that CEO Al Monaco will present at the Scotiabank CAPP Conference on April 7, 2021. The event will feature a fireside chat, and a replay will be available on Enbridge's website afterward. Enbridge operates core businesses including Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, and Renewable Power Generation, impacting energy delivery across North America and Europe.

Enbridge, along with EDF Renewables and wpd, has commenced construction on the Calvados offshore wind farm, a 448-MW project off the Normandy coast. The €2 billion project will generate enough electricity for 630,000 people upon its 2024 commissioning. Financing agreements are finalized, and construction is projected to create over 1,000 jobs. Siemens Gamesa will supply the wind turbines, and RTE will connect the farm to the electricity grid. This green energy initiative is supported by a 20-year power purchase agreement with the French government, reflecting a significant investment in renewable energy.

Enbridge Inc. has filed its Form 10-K and audited Consolidated Financial Statements for the year ended December 31, 2020, with U.S. and Canadian regulatory authorities. The filings are accessible on the SEC and SEDAR websites, along with Enbridge's website. The company will also mail its Notice of Annual Meeting and Management Information Circular to shareholders by the end of March 2021. The virtual Annual Meeting of Shareholders is scheduled for May 5, 2021, at 1:30 p.m. MDT.

Enbridge operates critical energy infrastructure, delivering a significant portion of North America's crude oil and natural gas.

Enbridge reported strong full-year 2020 results, with GAAP earnings of $3.0 billion ($1.48/share), down from $5.3 billion ($2.64/share) in 2019. Adjusted earnings fell to $4.9 billion ($2.42/share) from $5.3 billion ($2.65/share). Distributable Cash Flow (DCF) was $9.4 billion, exceeding the 2020 guidance midpoint. The company reaffirmed its 2021 DCF guidance of $4.70 to $5.00/share and increased its dividend by 3%, marking 26 consecutive annual increases. Enbridge also targets a 35% reduction in energy intensity by 2030 and net-zero emissions by 2050.