Cash Dividend On The Way From Enbridge (ENB)

Looking at the universe of stocks we cover at Dividend Channel, on 11/13/13, Enbridge Inc ( ENB) will trade ex-dividend, for its quarterly dividend of $0.315, payable on 12/1/13. As a percentage of ENB's recent stock price of $43.70, this dividend works out to approximately 0.72%, so look for shares of Enbridge Inc to trade 0.72% lower — all else being equal — when ENB shares open for trading on 11/13/13.

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Below is a dividend history chart for ENB, showing historical dividends prior to the most recent $0.315 declared by Enbridge Inc:

ENB+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ENB is likely to continue, and whether the current estimated yield of 2.88% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of ENB shares, versus its 200 day moving average:

Enbridge Inc 200 Day Moving Average Chart

Looking at the chart above, ENB's low point in its 52 week range is $37.67 per share, with $48.41 as the 52 week high point — that compares with a last trade of $43.71.

According to the ETF Finder at ETF Channel, ENB makes up 2.09% of the First Trust North American Energy Infrastructure Fund ETF ( EMLP) which is trading lower by about 0.2% on the day Monday.

In Monday trading, Enbridge Inc shares are currently down about 0.1% on the day.

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