Enbridge raising quarterly dividend, releases financial guidance for 2023
Enbridge raising quarterly dividend, releases financial guidance for 2023
The Enbridge logo is shown at the company's annual meeting in Calgary on May 9, 2018. (THE CANADIAN PRESS/Jeff McIntosh)
CALGARY -
Enbridge Inc. is raising its quarterly dividend to shareholders.
The pipeline company says it will now pay a quarterly dividend of 88.75 cents per share, up from 86 cents per share.
Based on Enbridge's closing share price of $55.52 on Tuesday, the shares will have a dividend yield of about 6.4 per cent.
The increased payment to shareholders came as Enbridge reaffirmed its full-year guidance for adjusted earnings before interest, income taxes and depreciation in the top half of its range of $15.0 billion to $15.6 billion for 2022.
Distributable cash flow per share is expected to be just above the midpoint of its range of $5.20 to $5.50 for this year.
For 2023, Enbridge offered guidance for EBITDA between $15.9 billion and $16.5 billion and distributable cash flow per share of $5.25 to $5.65.
This report by The Canadian Press was first published Nov. 30, 2022.
Former Mississauga, Ont. mayor Hazel McCallion, nicknamed 'Hurricane Hazel,' has died. She was 101 years old. Ontario Premier Doug Ford announced McCallion's death in a news release early Sunday morning.
After years of reports and allegations detailing a 'toxic' workplace, Canada's RCMP says it is trying to evolve, focusing on diversity in its organization and repairing relationships with communities as it marks its 150th anniversary.
Canadian police chiefs condemned on Friday the death of a Black man who was savagely beaten by police during a traffic stop in the United States, saying the officers involved must be held accountable.
When the cold and snow have people hunkering down, these outdoor enthusiasts find motivation in braving the Canadian winter through community and sport.
When 1990s suede fringe jackets started making a comeback last year, a U.K.-based vintage clothing company decided to order four tonnes of suede from a supplier in the United States. Along with that shipment came a once-in-a lifetime discovery.
The Memphis police chief on Saturday disbanded the unit whose officers beat to death Tyre Nichols as the nation and the city struggled to come to grips with video showing police pummelling the Black motorist.
According to a new study, showing university students the health risks of vaping through experts and personal testimonies can help deter them from using e-cigarettes.
Health Minister Jean-Yves Duclos insists the federal government is going to 'work flexibly' with the provinces on the terms of a possible health-care funding deal and avoid 'micromanaging' how they deliver health care to Canadians.
Health Canada says it will continue to recommend COVID-19 prevention drug, Evulsheld, despite U.S. FDA pulling back its emergency use authorization due to concerns around its efficacy against Omicron subvariant 'Kraken.'
An organization helping Ukrainian newcomers settle into their new lives in Edmonton is hosting a furniture donation blitz to help restock their warehouse.
Canadian police chiefs condemned on Friday the death of a Black man who was savagely beaten by police during a traffic stop in the United States, saying the officers involved must be held accountable.
BC Emergency Health Services saw a slight decline in 911 calls for overdose and drug toxicity last year, but some areas saw a dramatic increase, and the death rate doesn’t appear to be slowing down.
Advocates are predicting this year's Metro Vancouver Homeless Count will be higher than previous years' due to lingering impacts from the pandemic, job losses and inflation.
Some faculty members at Cape Breton University have walked off the job. Their strike started Friday, with the faculty's union saying the administration has disrespected it at every turn, leading to a large number of labour grievances.
Before we can appreciate the important role a plush toy named Monkey Guy has played in Elaine Tanner’s life, we need go back to when people started calling her Mighty Mouse.
Former Mississauga, Ont. mayor Hazel McCallion, nicknamed 'Hurricane Hazel,' has died. She was 101 years old. Ontario Premier Doug Ford announced McCallion's death in a news release early Sunday morning.
The transformation of a house in downtown Toronto – from a multi-unit with below market rent to a luxury single-family home – is not an anomaly. But rather, housing and legal experts say it is emblematic of why a housing crisis continues to grip the city.
Some Indigenous communities in Quebec that are patrolled by provincial police say the established system does not fully meet security needs and needs improvement.
Anti-poverty activists are praising the Quebec basic income program as a good step toward helping people meet their basic needs — but say strict eligibility criteria exclude many of the province’s lowest-income residents.
A ceremony will be held this evening to mark the sixth anniversary of Quebec City's deadly mosque shooting. Prime Minister Justin Trudeau, several senior federal cabinet ministers and Quebec Premier Francois Legault are among those expected to attend.
Ottawa police and Bylaw Services officers issued 81 parking tickets and 20 Provincial Offences Notices on Saturday, as hundreds of people marked the one-year anniversary of the 'Freedom Convoy'.
Ottawa police are warning the public of the dangers of texting explicit images to people on social media platforms, after seeing a spike in sextortion cases this winter.
The Region of Waterloo has lost a court bid for an injunction to evict residents of an encampment on municipally owned land at Victoria Street North and Weber Street West in Kitchener.
A drag queen show in Elora will continue Saturday night as planned, despite organizers saying concerns were raised after online comments targeted the event.
With art displays and activities to bring out the best of winter for a one-day festival of fun, Winterloo has returned after three years of pandemic alterations.
Northern supporters of the ‘Freedom Convoy’ mark the anniversary of last winter's demonstrations across Canada by holding a gathering of their own this weekend in North Bay.
W5 goes deep into the narco heartland to interview a commander with one of Mexico's most brutal cartels. W5's documentary 'Narco Avocados' airs Saturday at 7 pm on CTV.
More than 50 people came out on Saturday for a walk, organized by the Coalition for a Liveable Sudbury through the Laurentian University 'green space.' The 200 hectare piece of land has been a concern for many, given the questions around the university's financial stability and debts.
As extreme cold weather brings wind chill values nearing -40°C, it's impacting everything from winter recreation to the city's most vulnerable population.
The Enbridge logo is shown at the company's annual meeting in Calgary on May 9, 2018. (THE CANADIAN PRESS/Jeff McIntosh)
