We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Enbridge Inc (ENB - Free Report) recently received authorization from the board of directors to hike its quarterly dividend for 2019.
The new dividend of 73.8 Canadian cents — expected to be paid on Mar 1, 2019 to stockholders of record as of Feb 15, 2019 — reflects a sequential hike of 10%. In fact, the latest hike will mark 2019 as the 24th year that the leading midstream energy infrastructure provider has been successively increasing dividends.
Along with the news of dividend increment, Enbridge announced that it has reaffirmed its distributable cash flow (DCF) per share for 2018 at the top end of its projected guidance of C$4.15 to C$4.45. The company also reiterated its projection for DCFs per share through 2020 since 2018. Notably, Enbridge continues to expect DCFs per share for 2019 and 2020 at C$4.45 and C$5.00, respectively. Post 2020, the midstream energy player is expecting to grow its annual per share DCFs by 5% to 7%.
Success on this front reflectsEnbridge’s efforts in strengthening overall businesses by shedding non-core assets and adding profitable growth projects — fresh investments of C$1.8 billion in businesses in liquids Pipelines and transmission of gas — to its existing backlog.
In other words, Enbridge’s strong discipline of reducing debt burden by getting rid of assets – not fitting in the business, simplifying corporate structure and focusing on organic growth projects will help it to continue rewarding shareholders.
Headquartered in Calgary, Alberta, Enbridge currently carries a Zacks Rank #3 (Hold). Meanwhile, a few better-ranked players in the energy space include TC PipeLines, LP , Cabot Oil & Gas Corporation and Unit Corporation . All the stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
TC PipeLines beat the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 15.6%.
Cabot will likely post earnings growth of 113.2% and 59.9% through 2018 and 2019, respectively.
Unit Corporation surpassed the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 21.3%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Enbridge (ENB) Raises 2019 Dividend, Maintains DCF Guidance
Enbridge Inc (ENB - Free Report) recently received authorization from the board of directors to hike its quarterly dividend for 2019.
The new dividend of 73.8 Canadian cents — expected to be paid on Mar 1, 2019 to stockholders of record as of Feb 15, 2019 — reflects a sequential hike of 10%. In fact, the latest hike will mark 2019 as the 24th year that the leading midstream energy infrastructure provider has been successively increasing dividends.
Along with the news of dividend increment, Enbridge announced that it has reaffirmed its distributable cash flow (DCF) per share for 2018 at the top end of its projected guidance of C$4.15 to C$4.45. The company also reiterated its projection for DCFs per share through 2020 since 2018. Notably, Enbridge continues to expect DCFs per share for 2019 and 2020 at C$4.45 and C$5.00, respectively. Post 2020, the midstream energy player is expecting to grow its annual per share DCFs by 5% to 7%.
Success on this front reflectsEnbridge’s efforts in strengthening overall businesses by shedding non-core assets and adding profitable growth projects — fresh investments of C$1.8 billion in businesses in liquids Pipelines and transmission of gas — to its existing backlog.
In other words, Enbridge’s strong discipline of reducing debt burden by getting rid of assets – not fitting in the business, simplifying corporate structure and focusing on organic growth projects will help it to continue rewarding shareholders.
Enbridge Inc Price
Enbridge Inc Price | Enbridge Inc Quote
Headquartered in Calgary, Alberta, Enbridge currently carries a Zacks Rank #3 (Hold). Meanwhile, a few better-ranked players in the energy space include TC PipeLines, LP , Cabot Oil & Gas Corporation and Unit Corporation . All the stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
TC PipeLines beat the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 15.6%.
Cabot will likely post earnings growth of 113.2% and 59.9% through 2018 and 2019, respectively.
Unit Corporation surpassed the Zacks Consensus Estimate in three of the last four quarters, the average positive earnings surprise being 21.3%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>