Shares issued in respect of the Optional Cash Purchases will be at a price equal to 100% of the Average Market Price of the Shares. AFIC investors receive fully franked dividends and can reinvest those. I appoint CIBC Mellon Trust Company as my Agent to receive all dividends that may become payable on the Common Shares of Enbridge Inc. that are registered in my name and to invest these Only instead of dollars, you’re accumulating stock. Plan participants may make Optional Cash Purchases by providing the required form of payment with completed forms to the Plan Agent not less than 5 business days preceding the Dividend Payment Date for which Shares are to be purchased. As a result, shareholders enrolled in the DRIP receive cash dividends, commencing with the dividend paid on December 1, 2018 to shareholders of record on November 15, 2018. The new dividend … Please note, the Company has determined to suspend, effective immediately, its amended and restated dividend reinvestment and share purchase plan (the “DRIP”) until further notice. Enbridge Inc. (ENB.TO) (TSE:ENB) (NYSE:ENB) declared a quarterly dividend on Wednesday, November 4th, RTT News reports. Please refer to the full text of the DRIP by clicking the link below. Enbridge Inc has annual revenue of approximately $32 billion; this classifies the stock in the large-sized revenue class -- and relative to other dividend issuers in this class, the growth rate of its dividend is greater than that of 94.43% of them. Enbridge Inc (ENB) Dividend History. I don’t suspect management is going to want to end that impressive streak. For investors who don't already own Ephrata National Bank shares, a low cost brokerage such as Sharebuilder would be the lowest cost holding vehicle for your ENBP investment. Form 8937, Report of Organizational Actions Affecting Basis of Securities, Dividend Reinvestment and Share Purchase Plan Summary. Beneficial shareholders who hold shares through an investment dealer or other intermediary must ensure that the investment dealer or intermediary receives instructions and completed and signed enrolment form(s) in sufficient time prior to 5:00 p.m. EST on the business day immediately preceding the record date for the dividend which will be initially reinvested pursuant to the DRIP. The ENB Financial Dividend Reinvestment Plan offers a poor holding vehicle for your ENB Financial investment as it requires at least 1 share to enroll. This Energy Stock Is Doing What ExxonMobil Failed to Do This Year Yahoo 12/09 07:25 ET. That comes out to $2.26 in U.S. dollars and equals an impressive 8.8% yield. In December 2019, we announced a 9.8% increase to our dividend per share, increasing the quarterly dividend to $0.810. English - CDN Investors (PDF - 164KB)   Automatically reinvest dividends paid into additional Enbridge common shares. Enbridge stock has increased its dividend at an annual rate of 11% in the last 20 years. For more information, please refer to our news release. Plan Information Enbridge Inc., a Canadian company, is a leader in energy transportation and distribution in North America and internationally. Companies do not pay a high yield for nothing. On your next visit, you'll find a shortcut to this page in the main menu. A great dividend stock. If you have been following this column, you would know that I’m a big fan of dividend reinvestment … Enbridge Inc. (ENB.TO) pays an annual dividend of C$3.17 per share, with a dividend yield of 7.47%. Access our downloadable materials here. This page has been added to your list of favorites. If you believe your dividend check has been lost or stolen, or if you have not received it within 3 days of the payable date, contact Computershare immediately. That's because it takes ownership of only a single share of company stock to establish an account. the integrations of all partners. ENB's next quarterly dividend payment will be made to shareholders of record on Monday, March 1. Eligible shareholders can automatically reinvest cash dividends into additional ENF shares (Shares) through participation in the DRIP. Thanks to the power of compounding, DRIPs can be of great help when building a nest egg. Moreover, the stock can also be useful for those who are saving for retirement. ENB Stock: A Top Dividend Stock for Retirement Investors. Review ENB (XNYS) dividend yield and history, to decide if ENB is the best investment for you. The total … Commencing December 15, 2015, ENF will issue Shares from Treasury for reinvested dividends pursuant to the DRIP at a price equal to the Discounted Market Price (98% of … Click to remove it from your list. Receive a 2% discount on the purchase of common shares with reinvested dividends. Note: The list of eligible securities for Dividend Reinvestment Plan is subject to change at any time. Think of a dividend reinvestment program (which goes by the unappealing acronym DRIP) as a savings account with compound interest. On November 2, 2018, Enbridge Inc. announced that it has suspended its dividend reinvestment and share purchase plan (DRIP) until further notice. Plan participants may purchase additional Shares (Optional Cash Purchases), up to $20,000 per calendar year, subject to the limitation that the aggregate number of Shares issued pursuant to the DRIP in respect of Optional Cash Purchases cannot exceed 2% of the issued and outstanding Shares at the beginning of such calendar year. Here’s what you can expect from the stock. U.S. residents and citizens are not eligible to participate. CALGARY, Nov. 2, 2018 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today that the Company has determined to suspend, effective immediately, its dividend reinvestment and share purchase plan (DRIP) until further notice. If the aggregate Optional Cash Purchases exceed this limit, Shares will be allocated on a pro rata basis and any access cash will be returned. Dividend reinvestment is a convenient way to help grow your portfolio. This represents a $3.24 annualized dividend and a dividend yield of 8.56%. Enbridge Suspends Dividend Reinvestment and Share Purchase Plan. Forward yield 6.47%; Payable Dec. 1; for shareholders of record Nov. 15; ex-div Nov. 14. Potential Risks. For more information about the DRIP, how to enroll or make Optional Cash Purchases, please contact the Plan Agent, AST Trust Company (Canada) at 1-800-387-0825 or. Optional Cash Purchases need not be made monthly and may be in any amount, subject to the limits set out above. Site map | Terms of use | Privacy policy | Glossary. Dividend Reinvestment and Share Purchase Plan Enrolment Form (Do not complete if you wish to continue receiving dividends in cash.) Shareholders of record on Friday, November 13th will be given a dividend of 0.81 per share on Tuesday, December 1st. Enbridge has paid a dividend every year for 65 years. Therefore, there is nothing to stop you from buying companies in a variety of industries. If you have been following this column, you would know that I’m a big fan of dividend reinvestment plans (DRIPs). Dividend.com: The #1 Source For Dividend Investing. Enbridge’s (TSX:ENB)(NYSE:ENB) dividend increase brings the stock to a forward yield of 7.8%. Here's why it remains a top pick for Canadian income investors. Annual reports, annual information forms, financial disclosure, material change reports, news releases, and other investor materials are available in one place. Enbridge Inc. (ENB) Dividend Growth History: By month or year. The stock and ETF dividend reinvestment plan (DRIP) allows you to reinvest your cash dividends by purchasing additional shares or fractional shares. Dividend Reinvestment and Share Purchase Plan (DRIP). ENB raised its debts and number of shares with the merger of Spectra. Dividend Reinvestment. Invest funds fully since fractional share purchases are permitted. Relative to all dividend yielding stocks in our set, ENB offers a dividend yield in the top 7.95% of stocks in our set. Dividend Reinvestment participants pay an investment fee of 2% of the dividend being reinvested up to a maximum of $3.00 per reinvestment. Last Updated: July 7, 2020 . A dividend reinvestment plan (DRIP) is an arrangement that allows shareholders to automatically reinvest a stock's cash dividends into additional or fractional shares of … If Enbridge elects to reinstate the DRIP in the future, the shareholders that were enrolled in the DRIP at suspension and remained enrolled at reinstatement will automatically resume participation in the DRIP. Purchase additional shares by optional cash payments (maximum $5,000 Canadian per quarter). Even small investors can follow such a strategy by investing through dividend reinvestment plans (DRIPs). The current quarterly dividend is CA$0.81 per share, or CA$3.24 per year. This translates into $3.24 dividend per share on an annualized basis for 2020. The dividend is safe when you consider ENB distributable cash flow. Chart. Some companies may require clients hold a minimum number of shares to participate in Dividend Reinvestment Plan. Enbridge Inc. (ENB Quick Quote ENB - Free Report) announced that its board of directors has approved an increase in quarterly dividend payment.. For more information please refer to our news release. It has raised its dividend every year since 1996. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. Please note: Enbridge Inc. does not take responsibility for the content of this website as information may be out of date or no longer accurate as of November 8, 2018. Dividend Reinvestment and Share Purchase Plan (DRIP). Enbridge (ENB) Hikes Dividend, Announces Financial Guidance Yahoo 12/09 09:07 ET. Enbridge stock is off more than 30% from its highs this year. Save time by adding this page to your list of favorites. On November 2, 2018, Enbridge Inc. announced that it has suspended its dividend reinvestment and share purchase plan (DRIP) until further notice. Investors holding Enbridge common shares in non-registered form with a brokerage firm should contact their investment representative to enrol in the Dividend Reinvestment and Share Purchase Plan. Here’s how it works: Certain companies issue stock that stipulates its dividends—which are a kind of payment that goes to shareholders — will be paid, instead of cash, in the form of more stock. As a result, shareholders participating in the DRIP will automatically receive cash dividends for the upcoming dividend scheduled to be paid on December 1, 2018 to shareholders of record on November 15, 2018. Home  >  Dividend reinvestment is an option that lets you automatically invest cash dividends from common and preferred stocks in the underlying stock. No brokerage commissions on qualified transactions under the Plan. Enbridge Inc. (ENB.TO) pays out 330.00% of its earnings out as a dividend. The ex-dividend date of this dividend is […] Enbridge Inc. ENB announced that its board of directors has approved an increase in quarterly dividend payment. As a transporter of energy, Enbridge operates, in Canada and the United States, the world's longest crude oil and liquids pipeline system. All commissions, brokerage fees and administrative costs associated with the operation of the DRIP will be paid by ENF. Enbridge Inc. ENB announced that its board of directors has approved an increase in quarterly dividend payment.. Published Mon, 11 Sep 2017 11:00:53 on Income Investors. A complete description of the plan is provided in the following documents:  The new dividend of 83.5 Canadian cents represents a … The new dividend of 83.5 Canadian cents represents a … Registered Shareholders must provide a duly completed enrollment form to the Plan Agent not less than 5 business days preceding the record date for the dividend which will initially be reinvested pursuant to the DRIP. Minimum ownership of 1 Share required for DRIP participation. We offer DRIP, free of charge, on most exchange-listed and NASDAQ stocks, ETFs, mutual funds, and ADRs. Acceptable Optional Cash Purchases received late will be processed at the next dividend record date. Dividend Reinvestment and Share Purchase Plan Summary (PDF), © 2020 Enbridge Inc. All rights reserved. Shareholders who reside outside of Canada may participate in the DRIP, subject to applicable laws. Dividend Restrictions TD is prohibited by the Bank Act from declaring dividends on its preferred or common shares if there are reasonable grounds for believing that TD is, or the payment would cause TD to be, in contravention of the capital adequacy and liquidity regulations of the Bank Act or directions of the Superintendent of Financial Institutions Canada.  >  © 2020 Enbridge Inc. All rights reserved. Learn what franking credits are and how our Dividend Reinvestment Plan works. You can turn automatic dividend reinvestment on or off at the account level only; that is, you cannot choose which dividends to reinvest. ENB Dividend Yield data by YCharts. Find Shareholder Information Find the latest dividend history for Enbridge Inc Common Stock (ENB) at Nasdaq.com. Français - CDN Investors (PDF - 166KB) On November 2, 2018, Enbridge Inc. announced that it has suspended its dividend reinvestment and share purchase plan (DRIP) until further notice. Enbridge has paid dividends for over 65 years to its shareholders. ENB's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! English - US Investors (PDF - 1MB)  Oil Market Hopeful As Vaccinations Begin Yahoo 12/08 15:00 ET Enbridge (ENB) Declares $0.81 Quarterly Dividend; 10.5% Yield Enbridge (ENB) Declares $0.7380 Quarterly Dividend; 7.8% Yield Enbridge (ENB) Raises Quarterly Dividend 10% to $0.7380; 9.4% Yield Enbridge (NYSE:ENB) declares CAD 0.67/share quarterly dividend, in line with previous. Dividend Reinvestment Plan Eligible Securities . Commencing December 15, 2015, ENF will issue Shares from Treasury for reinvested dividends pursuant to the DRIP at a price equal to the Discounted Market Price (98% of the Average Market Price) of the Shares. A high yield and solid dividend safety means retirement investors can use Enbridge’s dividends to cover everyday expenses. 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