Dividends and Common Shares
Enbridge common shares have a Compound Annual Growth Rate (CAGR) of more than 11% over a 25-year period.
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Enbridge has paid dividends for over 65 years to its shareholders. In December 2019, we announced a 9.8% increase to our dividend per share, increasing the quarterly dividend to $0.810. This translates into $3.24 dividend per share on an annualized basis for 2020. Over the past 25 years, the dividend has grown at an average compound annual growth rate of 11%.
Equally important, our dividend growth has not come at the expense of our financial strength as our dividend payout remained very strong in 2019, at approximately 65 percent of our Distributable Cash Flow (DCF). Furthermore, we expect that our highly transparent growth outlook will allow us to grow our dividend in line with our cash flows based on the strength of our $11-billion commercially secured growth capital program in execution.
Enbridge’s target dividend payout is below 65 percent of DCF, providing a healthy balance between returning income to shareholders and retaining income for reinvestment in new growth opportunities.
- 2019 Year-End Financial Results presentation
- 2019 Enbridge Day investment community presentation
- Strategic Priorities and Business Resiliency (Updated April 2020)
Common Share Dividend Information
Enbridge Inc.: ENB
Common Share Dividends
|Payment Date||Dec. 1||Mar. 1||Jun. 1||Sept. 1||Dec. 1|
|Record Date(1)||Nov. 15||Feb. 14||May 15||Aug. 14||Nov. 13|
- (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.
Dividend Tax Info
Tax treatment of dividends differ for shareholders depending on their country of residence.