Enbridge

Union Gas is a major Canadian natural gas company based in Ontario. Its distribution arm services approximately 1.5 million customers in northern, southwestern and eastern Ontario. Union Gas has been a subsidiary of Enbridge since February 2017, when former parent Spectra Energy merged into Enbridge.

Union Gas

Enbridge, Inc. engages in the provision of gas and oil. It operates through the following segments: Liquid Pipelines, Gas Distribution and Storage, Gas Transmission and Midstream, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment consists of common carrier and contract crude oil, natural gas liquids and refined products pipelines and terminals in Canada and the U.S., including Canadian Mainline, Regional Oil Sands System, Southern Lights Pipeline, Spearhead Pipeline, Seaway Crude Pipeline interest, and other feeder pipelines. The Gas Distribution & Storage segment consists of natural gas utility operations, the core of which is Enbridge gas, which serves residential, commercial and industrial customers. It also includes natural gas distribution activities in Quebec and an investment in Noverco, which holds a majority interest in a subsidiary entity engaged in distribution and energy transportation primarily in Quebec. The Gas Transmission & Midstream segment consists of investments in natural gas pipelines, processing and green energy projects, the company's commodity marketing businesses, and international activities. The Renewable Power Generation segment consists primarily of investments in wind and solar power generating assets, as well as geothermal, waste heat recovery, and transmission assets. The Energy Services segment consists of businesses in Canada and the United States including logistical services, refinery supply services and the firm's volume commitments on various pipeline systems. The company was founded on April 30, 1949 and is headquartered in Calgary, Canada.

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Altria has a better than 50 year history of boosting its payout, and it looks capable of keeping that streak alive. Raytheon Technologies is facing some short-term struggles that make its shares look like a relative bargain in its industry, and one that can increase its dividend.

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Enterprise Products Partners has a yield of 7.4% and 25 annual distribution increases behind it. Enbridge has a yield of 7.6% backed by 28 years of annual dividend increases.

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Enbridge will increase its dividend by about 3% next year, its 29th straight year of dividend growth. Kinder Morgan will give its investors a roughly 2% raise in 2024, notching its seventh consecutive year of increases.

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A 7.7% payer we watch very closely just did something weird for a stock with such a high payout: it hiked its dividend—for the 29th straight year!

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Enbridge's (ENB) $500M pipeline tunnel project gains Michigan regulators' approval, drawing support for energy security as well as criticism for potential environmental risks.

Enbridge's (ENB) Line 5 Tunnel Proposal Gains Michigan Approval

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Michigan regulators on Friday approved Canadian pipeline company Enbridge Inc's application to build a tunnel under the Great Lakes to house its aging Line 5 oil pipeline, a major step forward for the $750 million project.

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Enbridge expects its earnings and cash flow to continue growing next year, even before factoring in its upcoming gas utility acquisitions. Those deals will give it even more momentum heading into 2025.

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Enbridge (ENB) projects adjusted core earnings of C$16.6-C$17.2 billion next year, surpassing its 2023 expectations of C$15.9-C$16.5 billion.

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Two midstream names have announcd positive 2024 growth outlooks. TC Energy Corporation (TRP) and Enbridge (ENB) this week provided 2024 financial guidance.

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Devon Energy's dividend fluctuates with the company's cash flow. Enbridge will become North America's largest natural gas utility franchise after acquiring utilities from Dominion Energy.

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Enbridge Inc (TSX:ENB) announced on Wednesday that it is raising its annual dividend by 3% to $3.66 per share effective March 1, 2024, its 29th consecutive yearly increase, as the energy products delivery network said it expects its business to continue to grow next year.  Its quarterly shareholder payout will be $0.915 per share.

Enbridge boosts dividend on business growth outlook

Enbridge , on Wednesday forecast higher core earnings and raised its dividend for 2024 as the Canadian pipeline operator bets on higher demand to lift volumes transported across its network.

Canada's Enbridge forecasts higher 2024 earnings, raises dividend

CALGARY, AB , Nov. 29, 2023 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today its 2024 financial guidance and an annualized common share dividend increase from $3.55 to $3.66 per share effective March 1, 2024. HIGHLIGHTS (All financial figures are unaudited and in Canadian dollars unless otherwise noted.

Enbridge Announces 2024 Financial Guidance and 3% Dividend Increase

CALGARY, AB , Nov. 29, 2023 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced today that its Board of Directors has declared a quarterly dividend of $0.9150 per common share, payable on March 1, 2024 to shareholders of record on February 15, 2024.  The declared dividend represents a 3.1% increase from the prior quarterly rate and the twenty-ninth consecutive year in which the Company has increased its common share dividend.

Enbridge Inc. Announced 3.1% Quarterly Dividend Increase for 2024

Enbridge's recent underperformance is attributed to investor caution about its aggressive endeavors to become North America's largest gas utility company. Despite missing revenue estimates, Enbridge showed profitability expansion and strong operating leverage in its latest quarterly earnings. The company's strategic moves to diversify its revenue mix towards cleaner energy are likely to build a resilient business model.

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Demand for infrastructure investments is at a record high, with global assets in listed infrastructure products reaching $111 billion. Enbridge Inc., a multinational pipeline and energy company, is viewed as a solid buy-and-hold investment with a 7-8% dividend yield. The company is well-positioned for growth in the renewables sector and has a conservative leverage target and strong profitability.

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S&P Global has a negative outlook on Enbridge due to potential weaker credit measures related to the acquisition of Dominion Energy's assets. Enbridge's Q3-2023 hit hard against that thesis and showed that the narrow cushion on credit metrics will likely be sufficient. We examine the preferred shares today and tell you why the fixed rate is not the best choice.

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When I last covered Enbridge, I rated it a 'hold' because, although its high yield was tempting, its payout ratios and debt level were too high. Since then, the cash flow payout ratio has improved, and debt has come down. The Company's future earnings will be impacted by a $14 billion deal to purchase U.S. natural gas assets.

Enbridge Has Gotten A Lot More Buyable (Rating Upgrade)

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News for Enbridge Stock (ENB)