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CALGARY, ALBERTA -- (Marketwire) -- 12/01/10 -- Enbridge Inc. (TSX: ENB), (NYSE: ENB) today announced that its Board of Directors has declared a quarterly dividend of $0.49 per common share payable on March 1, 2011 to shareholders of record on February 15, 2011. The dividend reflects a 15% increase from the Company's prior quarterly rate of $0.425 per share. Enbridge also announced its 2011 guidance for adjusted operating earnings of $2.75 to $2.95 per share. "Enbridge's current policy is to pay out between 60 and 70% of its adjusted earnings as dividends to its shareholders," said Patrick D. Daniel, President and Chief Executive Officer, Enbridge Inc. "The 15% increase announced today still leaves us within our current policy range for 2011 and is supported by strong growth in earnings and cash flow. Cash flow growth is expected to continue to outperform earnings through 2014, providing scope for us to consider continuing to grow our dividends faster than earnings over the medium term."" "In 2010, Enbridge brought into service the Alberta Clipper Expansion Project, which is the single largest project in our history; the Southern Lights diluent pipeline; and the 60 megawatt second phase of the Sarnia Solar project," said Mr. Daniel. "All together, we've brought $6.5 billion in projects into service this year and $12 billion over the past three years. Notably, all are now generating cash flow. "We expect to sustain that growth. Between now and the end of the year, we're on track to commission the $285 million, 100 megawatt Talbot Wind Project as well as the $140 million Enbridge Saskatchewan pipeline expansion in the Bakken play, and we have secured more than $5 billion in projects that will come into service between 2011 and 2014," he added. "The steady growth of our liquids pipelines, natural gas transportation and green energy businesses will continue to drive strong earnings growth and even more significant cash flow growth in coming years. "Enbridge offers investors visible, transparent and sustained earnings and cash flow growth; a substantial and growing dividend; and a very reliable business model. The unique combination of these three attributes differentiates Enbridge and continues to deliver superior returns to our shareholders." |
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| aus der Diskussion: | Enbridge Inc. - kandischer Energietransporteur (-versorger) |
| Autor (Datum des Eintrages): | R-BgO (01.12.10 23:56:06) |
| Beitrag: | 5 von 91 (ID:40628585) |
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