Enbridge Dividends and Buybacks
Dividend criteria checks 3/6
Enbridge is a dividend paying company with a current yield of 6.09%. Next payment date is on 1st December, 2024 with an ex-dividend date of 15th November, 2024.
Key information
6.1%
Dividend yield
-1.9%
Buyback Yield
| Total Shareholder Yield | 4.2% |
| Future Dividend Yield | 6.5% |
| Dividend Growth | 7.8% |
| Next dividend pay date | 01 Dec 24 |
| Ex dividend date | 15 Nov 24 |
| Dividend per share | CA$3.660 |
| Payout ratio | 123% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: ENB.PRD's dividends per share have been stable in the past 10 years.
Growing Dividend: ENB.PRD's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Enbridge Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ENB.PRD) | 6.1% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (Oil and Gas) | 4.5% |
| Analyst forecast (ENB.PRD) (up to 3 years) | 6.5% |
Notable Dividend: ENB.PRD's dividend (6.09%) is higher than the bottom 25% of dividend payers in the Canadian market (1.76%).
High Dividend: ENB.PRD's dividend (6.09%) is low compared to the top 25% of dividend payers in the Canadian market (6.21%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (123.5%), ENB.PRD's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (113.9%), ENB.PRD's dividend payments are not well covered by cash flows.