Dividends and Common Shares

20 Year Dividend Growth

Enbridge common shares have a Compound Annual Growth Rate (CAGR) of more than 11% over a 25-year period.

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We have a consistent track record of delivering annual dividend increases, and our continuing goal is to deliver superior shareholder returns through capital appreciation and dividends.

Enbridge has paid dividends for over 65 years to its shareholders. In December 2019, we announced a 9.8% increase to our dividend per share, increasing the quarterly dividend to $0.810. This translates into $3.24 dividend per share on an annualized basis for 2020. Over the past 25 years, the dividend has grown at an average compound annual growth rate of 11%.

Equally important, our dividend growth has not come at the expense of our financial strength as our dividend payout remained very strong in 2019, at approximately 65 percent of our Distributable Cash Flow (DCF). Furthermore, we expect that our highly transparent growth outlook will allow us to grow our dividend in line with our cash flows based on the strength of our $11-billion commercially secured growth capital program in execution.

Enbridge’s target dividend payout is below 65 percent of DCF, providing a healthy balance between returning income to shareholders and retaining income for reinvestment in new growth opportunities.

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Common Share Dividend Information

Enbridge Inc.: ENB
Common Share Dividends

Q4/19 Q1/20 Q2/20 Q3/20 Q4/20
Dividend $0.73800 $0.81000 $0.81000 $0.81000 TBA
Payment Date Dec. 1 Mar. 1 Jun. 1 Sept. 1 Dec. 1
Record Date(1) Nov. 15 Feb. 14 May 15 Aug. 14 Nov. 13
  • (1) Dividend Record Dates for Common Shares are generally February 15, May 15, August 15 and November 15 in each year, unless the 15th falls on a Saturday or Sunday.

Dividend Tax Info

Tax treatment of dividends differ for shareholders depending on their country of residence.

Read more about these differences.