The most relevant assumptions associated with forward-looking statements regarding announced projects and projects under construction, including estimated completion dates and expected capital expenditures, include the following: the availability and price of labor and construction materials; the effects of inflation and foreign exchange rates on labor and material costs; the effects of interest rates on borrowing costs; the impact of weather and customer, government and regulatory approvals on construction and in-service schedules and cost recovery regimes.
The Motley Fool owns shares of and recommends Enbridge. Chris MacDonald - Wednesday, May 20, 2020.
Current as of October 26, 2020. We safely and reliably deliver the energy people need and want to fuel quality of life.
As such, companies like Enbridge Inc. (TSX: ENB)(NYSE:ENB), with dividend yields around 8% are great choices, in my view, for long-term investors worried about dividend cuts. Anytime you see a blue-chip company like Enbridge with a yield rearing double digits it becomes clear there is a significant price dislocation at play. There are very few companies that tend to have their valuations track their dividend, but Enbridge is certainly one such company.
"In the near term, our emphasis will be on capital efficient in-franchise growth and executing our secured capital projects. Because of those challenges, a reconciliation of forward-looking non-GAAP financial measures is not available without unreasonable effort.
from 8 AM - 9 PM ET, Copyright © 2020 PR Newswire Association LLC. CALGARY, Dec. 10, 2019 /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX:ENB)(NYSE:ENB) announced its 2020 dividend and financial guidance and provided an update on its strategic priorities, which will be further discussed at the Company's investor conference today in New York. We'll continue to maximize operational and financial performance to provide unique value to our customers. On December 1, Enbridge began service on the Canadian segment of the Line 3 Replacement project. This information may not be appropriate for other purposes. In 2019, Enbridge successfully completed the 3-year strategic plan it set out following the acquisition of Spectra Energy in early 2017.
The company guidance indicates that it will grow its dividend yield by around 4% over the next couple of years.
While oil is still the company’s base play, Enbridge has invested over $8 billion into renewable projects and now has a net generation capacity of 1.8 GW.
ET on Tuesday, December 10th, in New York City. Speaking of undervalued dividend stocks.... Just Released!
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In its 2020 Strategic Plan, the Company is focused on maintaining resilience and prudently growing its three world-class core franchises: Liquids Pipelines, Gas Transmission, and Gas Distribution and Storage.
Since 1995, its dividend growth CAGR is an enviable 11%. This news release makes reference to non-GAAP measures, including distributable cash flow (DCF) and DCF per share. Separately, Enbridge announced that the quarterly dividend for 2020 will be increased by 9.8% to $0.81 per share, commencing with the dividend payable on March 1, 2020, to shareholders of record on February 14, 2020. Separately, Enbridge announced that the quarterly dividend for 2020 will be increased by 9.8% to $0.81 per share, commencing with the dividend payable on March 1, 2020, to shareholders of record on February 14, 2020. Reconciliations of forward-looking non-GAAP financial measures to comparable GAAP measures are not available due to the challenges and impracticability with estimating some of the items, particularly certain contingent liabilities and non-cash unrealized derivative fair value losses and gains which are subject to market variability. After accounting for its dividend yield, total annual returns might be close to 45%. While the prospects for oil look bleak right now, it is not as if the commodity is going to disappear from our lives overnight.
Enbridge Inc. ** 9,45 ** 3,58: CAD: 2022e: Enbridge Inc. ** 8,98 ** 3,40: CAD: 2021e: Enbridge Inc. ** 8,58 ** 3,25: CAD: 2020e: Enbridge Inc. 5,70: 2,95: CAD: 2019: Enbridge … In addition to already announced plans to consider an expansion of the Seaway system, these initiatives represent a significant step in Enbridge's USGC strategy to provide customers with enhanced flexibility and last mile connectivity for light and heavy crude shipments to export markets and local refineries. Enbridge Inc. to Host Webcast to Discuss 2020 Third Quarter... CEO Al Monaco to participate in virtual fireside chat with J.P.... A 9.8% increase in the Company's common share dividend to, Updated 2020 financial guidance: EBITDA of approximately, Re-affirmation of 5%-7% average long term annual DCF per share growth outlook, based on an equity self-funded model, Advancement of Liquids Pipelines U.S. Gulf Coast integrated value chain strategy, Canadian segment of the Line 3 Replacement project placed into service, Additional spill modelling work on Line 3 Replacement project completed; revised Final Environmental Impact Statement (FEIS) submitted to Minnesota Public Utilities Commission (MPUC), Regulatory application for Liquids Mainline contracting expected to be filed before year-end, Ensuring safe and reliable operations and provision of effective and cost-efficient transportation solutions for customers, Enhance the business through asset optimization, cost efficiencies and low-risk growth, Growing core businesses through capital efficient organic growth, disciplined capital allocation, and preservation of balance sheet strength and flexibility.
Forward-looking information or statements included or incorporated by reference in this document include, but are not limited to, statements with respect to the following: expected earnings before interest, income taxes and depreciation and amortization (EBITDA); expected earnings/(loss); expected earnings/(loss) per share; expected future cash flows and distributable cash flow (DCF) per share; expected future dividends; expected performance of the Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation and Transmission, and Energy Services businesses; financial strength and flexibility; expectations on sources of liquidity and sufficiency of financial resources; expected costs related to announced projects and projects under construction; expected in-service dates for announced projects and projects under construction; expected capital expenditures; expected equity funding requirements for our commercially secured growth program; expected future growth and expansion opportunities; expectations about our joint venture partners' ability to complete and finance projects under construction; expected closing of acquisitions and dispositions and expected timing thereof; expected future actions of regulators and related court proceedings; expectations regarding commodity prices; supply forecasts; expectations regarding the impact of the stock-for-stock merger transaction completed on February 27, 2017 between Enbridge and Spectra Energy Corp (the Merger Transaction) including our combined scale, financial flexibility, growth program, future business prospects and performance; the transactions undertaken to simplify our corporate structure; Line 3 Replacement Program, including matters relating to the Minnesota Public Utilities Commission and other regulators; Mainline System contracting and the regulatory application with respect thereto; our dividend payout policy; dividend growth and dividend payout expectation; and expectations resulting from the successful execution of our 2020 Strategic Plan. Enbridge is one of the largest midstream companies in North America, engaged in the storage and distribution of oil and natural gas. That said, some dividend distributions are safer than others, and on that basis, Enbridge’s dividend payment is about as safe as they come. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. The non-GAAP measures described above are not measures that have a standardized meaning prescribed by generally accepted accounting principles in the United States of America (U.S. GAAP) and are not U.S. GAAP measures. On December 9, the MPUC advised that the Minnesota Department of Commerce has issued an amended FEIS to reflect additional spill modelling work as directed by the Minnesota Court of Appeals.
Fool contributor Aditya Raghunath has no position in any of the stocks mentioned. Since the acquisition, the Company has fully integrated the Spectra assets, streamlined its business portfolio through $8 billion of non-core asset sales, substantially simplified its corporate structure through the buy-in of four sponsored vehicles, and significantly enhanced its financial strength and flexibility, all while continuing to deliver solid operating and financial performance. Nasdaq Stocks: Information delayed 15 minutes. How Can You Get the $2,000 CERB in November? Not to alarm you, but you’re about to miss an important event.
Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S.; and Utilities and Power Operations, which serves approximately 3.7 million retail customers in Ontario and Quebec, and generates approximately 1,750 MW of net renewable power in North America and Europe.
Apart from fuel, oil has multiple use cases and is used in the manufacturing of products as diverse as candles, trash bags, roller skates, tennis racquets, and fishing boots.
This could mean that Enbridge’s natural gas business could gather momentum down the years.
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Aditya Raghunath | October 6, 2020 | More on: ENB ENB. Enbridge provided updated guidance for earnings before interest, taxes, depreciation and amortization (EBITDA) for 2020 of approximately $13.7 billion and an updated guidance range of distributable cash flow per share (DCF/share) for 2020 of $4.50 to $4.80 per share. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls.
Enbridge has strong support for this application from a cross section of producers, integrated producers and refiners representing a significant share of current system throughput and through its evidence will demonstrate that its proposed contract offering addresses customer needs and serves the public intertest.
E nbridge Inc (ENB) will begin trading ex-dividend on August 13, 2020.
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