ENB cuts its quarterly dividend 1.56% to $0.696 per share

Enbridge Inc. (ENB) has announced a reduction in its quarterly dividend. The new payment of $0.6960 per share represents a 1.56% decrease from the previous $0.7070, marking a break from the company's historical pattern of increases. The dividend is payable to shareholders of record as of the ex-dividend date, which is set for 2026-08-14.

The numbers

This cut follows a series of recent quarterly payments that had been rising: $0.67 (Feb 2025), $0.68 (May 2025), $0.683 (Aug 2025), $0.712 (Feb 2026), and $0.707 (May 2026). The new $0.6960 brings the trailing twelve-month dividend per share to $2.1150, implying a yield of 4.15% at the current price of $50.91. Over the past five years, the dividend's compound annual growth rate (CAGR) has been -3.4%, and the company has zero consecutive years of increases, reflecting a recent trend of reductions.

What it means for income investors

For an investor holding 100 shares, the new quarterly payment amounts to $69.60, down from $70.70 previously. On an annualized basis, this translates to $278.40 per 100 shares, based on the current quarterly rate. This change may affect income projections for those relying on steady dividend growth. Investors can review the full dividend history to see the pattern of payments over time.

Reporting based on: DividendSmart market data. Figures verified against market data where available.