Enbridge (Enbridge) Dividend Payout Ratio

: 0.98 (As of Dec. 2023)

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Enbridge's dividend payout ratio for the months ended in Dec. 2023 was 0.98.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Enbridge Inc is 1.19, which seems too high.

The historical rank and industry rank for Enbridge's Dividend Payout Ratio or its related term are showing as below:

ENB' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.65 Med: 1.12 Max: 1.82
Current: 1.19

During the past 13 years, the highest Dividend Payout Ratio of Enbridge was 1.82. The lowest was 0.65. And the median was 1.12.

ENB's Dividend Payout Ratio is ranked worse than
88.22% of 450 companies
in the Oil & Gas industry
Industry Median: 0.44 vs ENB: 1.19

As of today (2024-04-18), the Dividend Yield % of Enbridge is 7.82%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Enbridge was 8.84%. The lowest was 2.26%. And the median was 5.64%.

Enbridge's Dividends per Share for the months ended in Dec. 2023 was $0.66.

During the past 12 months, Enbridge's average Dividends Per Share Growth Rate was 3.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Enbridge was 58.30% per year. The lowest was 0.50% per year. And the median was 10.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Enbridge Dividend Payout Ratio Historical Data

The historical data trend for Enbridge's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Enbridge Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

1.08

1.33

1.16

1.82

1.18

Enbridge Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																6.96	1.03	1.24	1.74	0.98

Competitive Comparison

For the Oil & Gas Midstream subindustry, Enbridge's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Enbridge Dividend Payout Ratio Distribution

For the Oil & Gas industry and Energy sector, Enbridge's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Enbridge's Dividend Payout Ratio falls into.

Enbridge Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Enbridge's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	2.646	/	2.234
	=	1.18

Enbridge's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.662	/	0.676
	=	0.98

Enbridge (NYSE:ENB) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Enbridge Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Enbridge's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Enbridge (Enbridge) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enbridge Inc (NYSE:ENB) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

Address

425 - 1st Street S.W., Suite 200, Calgary, AB, CAN, T2P 3L8

Website

https://www.enbridge.com

Enbridge owns extensive midstream assets that transport hydrocarbons across the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. The firm has a small renewables portfolio primarily focused on onshore and offshore wind projects.

Executives

Albert Monaco	director, officer: See Remarks	#3000, 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Mark A. Maki	officer: See remarks	425 - 1ST STREET S.W., CALGARY A0 T2P 3L8
Gruending Colin K	officer: See Remarks	75 DISCOVERY RIDGE PLACE SW, CALGARY A0 T3H 5G4
Laura Buss Sayavedra	officer: See Remarks	5400 WESTHEIMER COURT, HOUSTON TX 77056
William T. Yardley	officer: See Remarks	5400 WESTHEIMER COURT, HOUSTON TX 77056
Susan M Cunningham	director	NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070
Cynthia L Hansen	officer: See Remarks	500 CONSUMERS ROAD, NORTH YORK A6 M2J 1P8
Allen C Capps	officer: See Remarks	5400 WESTHEIMER COURT, HOUSTON TX 77056-5310
D Guy Jarvis	officer: See Remarks	3000, 425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Teresa S Madden	director	414 NICOLLET MALL, MINNEAPOLIS MN 55401
Byron C Neiles	officer: See Remarks	3000, 425 1ST STREET SW, CALGARY A0 T2P 3L8
Robert R Rooney	officer: See Remarks
John K Whelen	officer: See Remarks	425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Vernon D Yu	officer: See Remarks	425 - 1ST STREET SW, CALGARY A0 T2P 3L8
Dan C Tutcher	director	5400 WESTHEIMER COURT, HOUSTON TX 77056