Dividend Flows: Can Enbridge Inc (NYSE:ENB) truly back claims of $0.40 dividends by Dec 1, 2016?

Dividend Flows: Can Enbridge Inc (NYSE:ENB) truly back claims of $0.40 dividends by Dec 1, 2016?

Enbridge Inc (NYSE:ENB) is expected to pay $0.40 on Dec 1, 2016. The indicated annual dividend is $1.58. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Enbridge Inc’s current price of $42.91, the dividend is 0.92%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 3, 2016. The stock increased 0.59% or $0.25 during the last trading session, hitting $42.91. Enbridge Inc (USA) (NYSE:ENB) has risen 13.85% since April 7, 2016 and is uptrending. It has outperformed by 9.07% the S&P500.

Enbridge Inc. is an energy transportation and distribution company. The company has a market cap of $41.74 billion. The Firm operates through five divisions: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. It has a 28.21 P/E ratio. The Firm operates the crude oil and liquids transportation system in Canada and the United States.

Enbridge Inc (USA) (NYSE:ENB) Ratings Coverage

Out of 10 analysts covering Enbridge Inc. (NYSE:ENB), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Enbridge Inc. has been the topic of 13 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Tuesday, March 8 by Credit Suisse. As per Wednesday, March 2, the company rating was reinitiated by BMO Capital Markets. BMO Capital Markets initiated the stock with “Outperform” rating in Friday, October 23 report. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, February 4. JP Morgan initiated the stock with “Overweight” rating in Tuesday, December 15 report. The rating was initiated by Bank of America with “Neutral” on Thursday, September 1. On Wednesday, July 20 the stock rating was downgraded by Goldman Sachs to “Neutral”. The firm has “Buy” rating by Canaccord Genuity given on Monday, March 7. The stock of Enbridge Inc (USA) (NYSE:ENB) has “Sector Perform” rating given on Monday, July 18 by National Bank Canada. The stock has “Outperform” rating given by RBC Capital Markets on Friday, October 9.

More notable recent Enbridge Inc (USA) (NYSE:ENB) news were published by: Fool.ca which released: “Enbridge Inc. Is a Dividend-Growth King” on November 02, 2016, also Fool.ca with their article: “Is Enbridge Inc. Becoming Too Complex for Investors?” published on September 26, 2016, Fool.ca published: “Is Enbridge Inc. Still Worth Buying?” on September 17, 2016. More interesting news about Enbridge Inc (USA) (NYSE:ENB) were released by: Fool.ca and their article: “This Could Be the Perfect Opportunity for Enbridge Inc.” published on October 28, 2016 as well as Fool.ca‘s news article titled: “Enbridge Inc. Just Completed a Massive Deal” with publication date: September 08, 2016.

ENB Company Profile

Enbridge Inc. (Enbridge), incorporated on December 15, 1987, is an energy transportation and distribution company. The Firm operates through five divisions: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. The Firm operates the crude oil and liquids transportation system in Canada and the United States. The Firm is also involved in natural gas gathering, transmission and midstream businesses. It provides natural gas distribution services in Ontario, Quebec, New Brunswick and New York State. As a generator of energy, Enbridge has interests in over 2,200 megawatts (MW) of renewable and alternative energy generating capacity and is involved in holding its interests in wind, solar and geothermal power.

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