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    Home » Enbridge raising quarterly dividend, releases 2023 financial guidance
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    Enbridge raising quarterly dividend, releases 2023 financial guidance

    yyctimesBy yyctimesNovember 30, 2022No Comments1 Min Read
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    By Staff

    The Canadian Press

    Posted on 30 November 2022 08:37

    Enbridge Inc. increases its quarterly dividend to shareholders.

    The pipeline company says it will now pay a quarterly dividend of 88.75 cents per share, up from 86 cents per share.

    Based on Enbridge’s closing share price of $55.52 Tuesday, the shares would have a dividend yield of about 6.4 percent.

    Read more:

    Calgary-based Enbridge announces the completion of France’s first offshore wind farm

    The increased payment to shareholders came as Enbridge reaffirmed its full-year guidance for adjusted earnings before interest, income taxes and depreciation in the upper half of its range of $15.0 billion to $15.6 billion for 2022.

    Distributable cash flow per share is expected to be just above the midpoint of its range of $5.20 to $5.50 for this year.

    Story continues below advertisement

    For 2023, Enbridge guided for EBITDA between $15.9 billion and $16.5 billion and distributable cash flow per share of $5.25 to $5.65.


    Click to play video: 'Enbridge Sells Minority Stake in 7 Alberta Pipelines to Indigenous Communities'

    1:21
    Enbridge sells minority stake in 7 Alberta pipelines to Indigenous communities



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