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Jim Trippon is a certified genius, a member of MENSA, and the epitome of the “Overachieving Entrepreneur.” He’s an internationally renowned and globally experienced investment expert, dedicated to finding undervalued, “under the radar” investments for his worldwide clients and subscribers. He... More
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  • Enbridge Announces New Dividend Increase 0 comments
    Dec 3, 2009 5:22 PM | about stocks: ENB

    Another North Of The Board Dividend Hike

    Another North Of The Board Dividend Hike

    About: (Enbridge, ENB, Dividend Genius)

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    As we've said in the past, companies involved in the transportation of oil and natural gas often feature noteworthy dividends and Canada's Enbridge (NYSE: ENB) is trying to make its dividend even more noteworthy by increasing the quarterly payout 15% to 42.5 cents a share from 37 cents. The shares currently yield 3.29%. Enbridge's quarterly payouts typically fluctuate a few cents from quarter to quarter, but have been in a steady uptrend over the past year.

    The earnings outlook for Enbridge is encouraging with the company forecasting 2010 operating earnings of $2.50 to $2.70 a share. The midpoint of that range represents a 12% increase over expected 2009 operating earnings. Enbridge said it strives to maintain a payout range of 60%-70% of earnings. The five-year dividend growth rate is nearly 15%.

    The new dividend is payable on March 1 to shareholders of record on February 15. Enbridge shares are up about 17% in the past three months, nearly double the performance of the S&P 500 over the same time.

    For more information about Dividend Genius, visist dividendgenius.com. To see the latest special offer from Dividend Genius, visit: http://www.dividendstockblog.com/dividend-genius-video.html

    Disclosure: no positions
    Stocks: ENB
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