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Enbridge Stock Quote Canada is a popular choice among investors due to its stable dividend payments.
Enbridge has a long history of paying dividends, with a current dividend yield of around 5%.
The company's diversified portfolio of energy infrastructure assets provides a stable source of cash flow, supporting its dividend payments.
Investors can expect Enbridge to continue paying its dividend, with a payout ratio of around 60%.
Enbridge's stock price has been relatively stable over the years, with a low beta of around 0.4.
This stability makes Enbridge a good choice for investors seeking lower-risk investments.
Financial Performance
Enbridge's financial performance has seen some fluctuations in recent years. In 2023, the company's revenue was 43.65 billion, a decrease of -18.12% compared to the previous year's 53.31 billion.
The company's earnings, however, saw a significant increase of 125.53% in 2023, reaching 5.84 billion. This is a notable improvement from the previous year's earnings.
Here's a breakdown of Enbridge's revenue and earnings over the past few years:
Note that the earnings for 2022 and 2021 are not provided in the table. However, we can see that Enbridge's revenue has been steadily increasing over the past few years, with a slight decline in 2023. On the other hand, the company's earnings have seen a significant improvement in 2023.
Dividend and Growth
Enbridge's dividend yield is attractive, with a current yield of 6% and a forward yield of 6.03%. This is backed by solid fundamentals and growth prospects.
The company's dividend payout ratio is 1.35, which is relatively low compared to other companies in the industry. This suggests that Enbridge has a strong ability to sustain its dividend payments.
Enbridge has a long history of dividend growth, with a 3-year dividend growth rate of 3.1%. The company has also increased its dividend for 10 consecutive years.
Here's a breakdown of Enbridge's dividend history:
Enbridge's dividend calendar shows a steady increase in dividend payments over the years. The company's most recent dividend payment was $0.9150 per share, payable on December 1, 2024, to shareholders of record on November 15, 2024.
Enbridge's growth prospects are also strong, with a 3-year EBITDA growth rate of 14.3% and a 3-year FCF growth rate of 30.1%. This suggests that the company has a strong ability to generate cash and invest in its growth initiatives.
Company News
Enbridge is a leading energy company in Canada, with a long history of providing essential services to the country. Enbridge stock is listed on the Toronto Stock Exchange under the ticker symbol ENB.
The company has a market capitalization of over $100 billion, making it one of the largest companies in Canada. Enbridge has a diverse portfolio of energy assets, including pipelines, renewable energy, and gas distribution.
Enbridge has a strong track record of delivering value to its shareholders, with a dividend yield of over 5%. The company has increased its dividend payout for 26 consecutive years, making it a reliable choice for income investors.
Enbridge is committed to reducing its environmental footprint, with a goal of reducing greenhouse gas emissions by 50% by 2025. The company is investing in new technologies and infrastructure to support the transition to a lower-carbon economy.
Enbridge has a strong balance sheet, with a debt-to-equity ratio of less than 1. Enbridge has a credit rating of A- from Standard & Poor's, indicating a high level of creditworthiness.
Stock Comparison
Enbridge's stock performance has been quite impressive, with a 5-year total return of 13.6% compared to the industry average of 10.3%.
Enbridge's diversified business model is a key factor in its stock performance, with a mix of pipelines, renewable energy, and utilities.
The company's pipelines segment has been a steady performer, with a 5-year average annual return of 7.3%.
Enbridge's focus on sustainability has also helped its stock, with a 30% reduction in greenhouse gas emissions since 2016.
Enbridge's stock price has been relatively stable, with a 5-year standard deviation of 12.6%.
Enbridge's dividend yield is around 4.5%, which is higher than the industry average of 3.8%.
Enbridge's stock has a beta of 0.85, indicating lower volatility compared to the market.
Market Outlook
Enbridge's diversified business model has positioned the company for long-term growth, with a strong presence in the energy sector.
Enbridge's financial performance has been consistent, with a proven track record of delivering stable cash flows and returning value to shareholders through dividends.
With a market capitalization of over $100 billion, Enbridge is one of the largest energy companies in North America, providing a solid foundation for future growth and expansion.
Analyst Forecast
Analyst Forecast is an essential tool for investors looking to make informed decisions about their stock portfolio. Analysts from top firms have been weighing in on ENB stock, and the consensus is clear.
One analyst has a 12-month stock price forecast of $63.0, which suggests a promising future for ENB stock. This forecast is based on a "Buy" rating, indicating a high level of confidence in the stock's potential.
A closer look at analyst opinions reveals some interesting trends. Here are some key takeaways:
Note that not all analysts are on the same page, with some downgrading their rating to "Sell". However, the majority of analysts maintain a "Buy" rating, indicating a strong level of confidence in ENB stock.
Where We Are Going Next
As we look ahead to the future, it's clear that Enbridge Preferred shares have delivered on their promise of low-risk income. We previously recommended two Enbridge Preferred shares, but unfortunately, we had to sell every last share.
Enbridge's 2025 guidance suggests a strong outlook for the company, with potential for continued growth. This has us excited about the potential for new investment opportunities.
We're shifting our focus to explore other companies with similar characteristics to Enbridge, seeking out low-risk income streams that can provide stability in the market.
Key Statistics
Enbridge stock has reported a revenue of $35.83 billion for the trailing twelve months (TTM), indicating a strong financial performance. This figure suggests a robust business model, capable of generating significant revenue.
The company's earnings per share (EPS) for the TTM is $2.17, a clear indicator of its profitability. This is a respectable figure, reflecting the company's ability to generate earnings for its shareholders.
Enbridge's stock has a beta of 0.81, which means it tends to be less volatile than the overall market. This could make it an attractive option for investors seeking a more stable investment.
Here are some key statistics that provide further insight into Enbridge's stock performance:
The 3-Year Sharpe Ratio is 0.05, indicating a relatively low return for the level of risk taken. Similarly, the 3-Year Sortino Ratio is 0.07, suggesting a modest return for the level of downside risk.
The 52-Week Range for Enbridge stock is between $32.855 and $44.9, indicating a relatively stable price movement over the past year.
Calendar and Events
Enbridge stockholders can stay up-to-date on important events and earnings releases by checking the company's calendar.
The Enbridge dividend calendar shows the company's dividend history, with the highest dividend paid out in 2020 being 3.24 CAD.
Enbridge is expected to release its Q4 2024 earnings on February 14, 2025, with an estimated earnings per share of 0.743 CAD.
Here is the upcoming earnings release schedule for Enbridge:
Past Events
In the past, Enbridge has held annual general meetings, but they don't report earnings for those events. The most recent annual general meeting was on May 8, 2024.
Enbridge has consistently reported earnings for each quarter of the year. The actual EPS for Q3 2024 was 0.590 CAD, and it was released on November 1, 2024.
The company has also reported earnings for Q2 2024, with an actual EPS of 0.860 CAD, released on August 2, 2024. Similarly, Q1 2024 saw an actual EPS of 0.670 CAD, released on May 10, 2024.
Here's a list of some of Enbridge's past earnings reports:
These are just a few examples of Enbridge's past earnings reports.
Dividend Calendar
Enbridge's dividend calendar is a great resource for investors looking to stay on top of the company's quarterly dividend payments. The calendar shows the payment dates, dividend amounts, and yield for each year going back to 2009.
Enbridge has consistently paid quarterly dividends since 2009, with the first payment of $0.74 per share in 2009. The dividend amount has increased over the years, reaching $3.55 per share in 2023.
The dividend yield is a key metric for investors, and Enbridge's yield has ranged from 2.34% in 2014 to 7.44% in 2023. The yield has been steadily increasing over the years, making Enbridge an attractive option for income investors.
Here's a snapshot of Enbridge's dividend calendar for the past few years:
Calendar
Enbridge has several earnings reports scheduled throughout 2025 and 2026. The first earnings report of the year is expected to be released on February 14, 2025, with an estimated value of 0.743 CAD.
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The calendar also shows that Enbridge will release its Q1 2025 earnings report on May 2, 2025, with an estimated value of 0.932 CAD.
Here's a breakdown of Enbridge's earnings reports for 2025 and 2026:
Enbridge's Q3 2025 earnings report is scheduled for October 31, 2025, with an estimated value of 0.634 CAD.
Frequently Asked Questions
What is Enbridge stock symbol Canada?
The Enbridge stock symbol in Canada is ENB. You can find the latest Enbridge stock price and quote on Bloomberg.
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