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.
CTVNews.ca Top Stories
What is going on with Bill C-11, the government's online streaming legislation?
The Liberals have spent years trying to pass online streaming legislation and now the current iteration, known as Bill C-11, is closer than ever to passing. With a potential parliamentary showdown ahead, here's what you need to know about how the contentious Broadcasting Act bill got to this stage.
Zellers rolling out food trucks for Canadians 'craving a taste of nostalgia'
Though you won't be able to sit on the old, cracked pleather benches and take in the thick smell of gravy and fries, while the gentle sound of clanging dishes provides the soundtrack for your lunch, Zellers plans to roll out food trucks for those 'craving a taste of nostalgia.'
WHO emergency declaration call based on virus spread and variants, Dr. Bogoch explains
The World Health Organization (WHO) is set to decide Friday, whether the COVID-19 pandemic still qualifies for an international emergency declaration title— a decision that will involve factoring in how the virus and its variants are impacting countries around the world, says an infectious disease expert.
Pamela Anderson defends Tim Allen after flashing allegation
Pamela Anderson is addressing discussion about a story regarding her 'Home Improvement' co-star Tim Allen that is part of her new memoir, 'Love Pamela.'
What should Canada be doing about climate change? 25 recommendations
The national Net-Zero Advisory Body released 25 recommendations Friday for how Canada can adjust its climate plan to reach net-zero emissions by 2050 — a goal that the country is not on track to reach right now, according to the report.
Canadian government posts $3.6 billion deficit between April and November
The federal government posted a budgetary deficit of $3.6 billion in the first eight months of the fiscal year.
Bear on Mars? NASA satellite snaps a strange formation
What looks like a giant teddy bear’s face peering into space from the surface of Mars is actually a satellite image of some craters and a circular fracture, scientists say.
Some U.S. auto insurers are refusing to cover some Hyundai and Kia models
Progressive and State Farm, two of America's largest auto insurers, are refusing to write policies in certain cities for some older Hyundai and Kia models that have been deemed too easy to steal, according to one of the insurance companies and media reports.
'It Ends With Us' movie casts Blake Lively and Justin Baldoni
BookTok is all abuzz with the news that Blake Lively and Justin Baldoni will be starring in a movie based on the bestselling romance novel, "It Ends With Us."
Edmonton
-
$50K awarded to innovators with ideas about how to stop catalytic converter thefts
An Edmonton woman and her daughter whose catalytic converter was stolen in 2022 have won $25,000 for a product police believe will deter thieves from stealing the automotive part.
-
No natural gas rebate for Albertans in February, province says
The Alberta government says homeowners will still be seeing an energy rebate on their February utility bills, but it won't be as much as it was last month.
-
Sport Chek pulls out of Edmonton City Centre as mall highlights 'significant safety issues'
One of the biggest tenants in Edmonton City Centre (ECC) mall is closing its doors for good.
Vancouver
-
'The year to be cautious': Avalanche safety expert weighs in on B.C.'s deadly avalanche season
Dangerous avalanche conditions in B.C.'s backcountry have turned deadly — with five people killed in the province this season alone.
-
Yellow lights illuminate B.C. landmarks for International Holocaust Remembrance Day
Yellow lights illuminated Vancouver City Hall overnight ahead of International Holocaust Remembrance Day on Jan. 27.
-
Victoria man plans to take 'a very special lady for dinner' after $100K lottery win
A Victoria man was in near disbelief after he won a $100,000 lottery prize.
Atlantic
-
Thousands of Maritimers still without power after Thursday storm
Thursday’s wet and windy storm has knocked out power to thousands of people in the Maritimes, most of which are in Nova Scotia.
-
Suspect sought in murder of Saint John man; fourth person arrested in case
A fourth person has been arrested in the murder of a man in Saint John, N.B., last summer and now police say they are looking for a fifth person in connection with the case.
-
Yarmouth man found guilty of second-degree murder in death of Colton Cook
A jury has delivered a guilty verdict in the 2020 murder of a man from the Yarmouth, N.S., area.
Vancouver Island
-
Nanaimo RCMP called after body found on roadway
The Nanaimo RCMP are investigating after a person was found dead along a street just outside the Harbour City on Friday morning.
-
Vancouver Island city councillor charged with assault
A Vancouver Island city councillor is on a mandatory leave of absence after he was charged with assault. Court documents show Coun. David Frisch was charged with assault against an intimate partner following an incident on Jan. 7.
-
Victoria man plans to take 'a very special lady for dinner' after $100K lottery win
A Victoria man was in near disbelief after he won a $100,000 lottery prize.
Toronto
-
'A Band-Aid solution': Ford responds to increased police presence on the TTC following surge in violence
Ontario Premier Doug Ford said and increased police presence on the TTC “is great,” but not enough of a solution to resolve the issue that has left some customers anxious to ride the transit.
-
Toronto Maple Leafs star Matthews sidelined for at least three weeks
Toronto Maple Leafs star Auston Matthews will miss at least three weeks with a knee sprain, the team announced Friday.
-
4 people charged, $800k in cash seized after RCMP bust alleged 'large-scale' drug importation network
Four Toronto residents have been charged and about $3 million worth of cash and goods have been seized after the RCMP busted an alleged 'large-scale' drug importation network.
Montreal
-
Holocaust remembrance: Survivor, born in Nazi concentration camp, recounts early years
Angela Orosz is one of the youngest survivors of the Holocaust. On Dec. 21, 1944, she was born in a concentration camp. Between 1941 and 1945, Nazis and collaborators systematically murdered some six million Jews across German-occupied Europe and Nazi Germany. More than two-thirds of Europe’s Jewish population was killed.
-
Police make 3 more arrests after teen attacked with hammer at Montreal high school
Three more people have been arrested in connection with a hammer attack on a 16-year-old boy Monday outside a school in Montreal North, police said Friday.
-
Montreal to reconfigure Sainte-Marie one-way streets to enhance safety after girl dies in hit-and-run
The City of Montreal says it will reconfigure some roads into one-way streets in the Sainte-Marie neighbourhood to make them safer for pedestrians following last month's hit-and-run that killed a young girl.
Ottawa
-
Police increase downtown presence, access to Parliament Hill restricted on anniversary of 'Freedom Convoy' protest
Ottawa police and Bylaw Services are telling residents and visitors they will be taking a zero-tolerance approach to parking, noise and fireworks violations downtown this weekend, on the one-year anniversary of the 'Freedom Convoy' demonstration.
-
'Inexcusable and deeply troubling:' Ottawa police condemn Tyre Nichols' death as world braces for release of video
As the world awaits the release of a police video showing five officers viciously beating Tyre Nichols, Ottawa police have issued a statement condemning his death.
-
Man, 53, dies in workplace incident near Prescott, Ont.
Ontario's ministry of labour is investigating after a man died in a workplace incident near Prescott, Ont.
Kitchener
-
DEVELOPING
DEVELOPING | Van towed away from area of sudden death investigation in Perth County
Ontario Provincial Police (OPP) have shut down a section of Perth Road 122 north of Stratford, Ont. as officers investigate a sudden death.
-
Elmira woman calls her rare condition 'really degrading', prepares for surgery in Arizona
An Elmira woman born with Pectus Excavatum, a condition where her ribcage is caved in, is getting set for a life-changing surgery in May.
-
Neighbours raise concerns about hybrid shelter at community meeting
Residents had a chance to ask questions and raise concerns about the hybrid shelter planned for Erbs Road at a community meeting in Waterloo on Thursday night.
Saskatoon
-
'Just sick to my stomach': Sask. mom says cheer team asked daughter to hide self-harm scars
A Saskatchewan mother says her 13-year-old daughter is being shamed for her past mental health challenges.
-
Saskatoon fire sparked by paper shredder
Saskatoon Fire Department (SFD) says a shredder was the cause of a fire at a document storage and destruction company early Friday.
-
Rising Saskatoon rental prices are fuelling homelessness numbers, community group says
Rising rental rates and diminishing options are causing some with lower income to forgo housing altogether, a Saskatoon community organization says.
Northern Ontario
-
North Bay, Ont., woman was discriminated against when she was fired, tribunal rules
The manager of a Tim Hortons in North Bay was wrong to fire a long-term employee because of her physical limitations, the Human Rights Tribunal of Ontario has ruled.
-
Sudbury woman killed when snowmobile goes through ice
The body of a 29-year-old Sudbury nurse was recovered Wednesday night from a lake near Parry Sound after her snowmobile went through the ice, police say.
-
Six charged, $20K in drugs seized in Iroquois Falls bust
Police seized about $20,000 in narcotics in a raid of a northern Ontario home on Wednesday and now six people are facing charges.
Winnipeg
-
More schools closed after Manitoba middle school receives another threatening voicemail
Several schools in southeast Manitoba were closed Friday after a round of threatening voicemails came in over the last week.
-
'An opportunity': Manitoba finance minister quits for federal run
Manitoba's finance minister is stepping down to run for a seat in the House of Commons.
-
Premier says more money for Winnipeg Transit coming in budget
There are hints the municipal funding freeze imposed by the former Pallister Government could be thawing.
Regina
-
New trial ordered for Sask. man whose drug trafficking charges were stayed due to COVID-19 delays
A Saskatchewan man who had his charges stayed based on pandemic delays in court will be headed back for trial, after a ruling from the Saskatchewan Court of Appeal.
-
Organizations call on city to locate events centre, central library downtown
Three downtown business organizations are advocating for the City of Regina to locate a new multi-purpose events centre and central library branch in the downtown core.
-
33 charges laid against Regina man after 'lengthy' investigation: police
A Regina man is facing 33 charges after the Regina Police Service (RPS) said it completed a lengthy investigation into auto thefts, break and enters and weapons offenses.