CALGARY, ALBERTA–(Marketwired – Dec. 4, 2013) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) today announced that its Board of Directors has declared a quarterly dividend of $0.350 per common share, payable on March 1, 2014 to shareholders of record on February 14, 2014. The dividend reflects an 11 per cent increase from the prior quarterly rate. Enbridge also announced a guidance range for 2014 adjusted earnings of $1.84 to $2.04 per share.
11% More Joy
Christmas always seems to come early in December thanks to Enbridge’s yearly dividend increases. It’s like a gift for making a smart investment that keeps on giving all year long. As the dividends keep increasing, my yield on cost goes up. My initial yield was 3.5% but now after 3 years of dividend increases my yield on cost is now 5.77%. Where else can you find an investment with a rate of return that grows over time? (since I never plan on selling my ENB shares, I consider my yield on cost to be my yearly return) Merry Christmas indeed!
Just take a look at Enbridge’s dividend history from 1996 to its projected dividend payout in 2014: