ENB Enbridge

[zylon]

Ex Dividend date: Monday Aug 13th

TMX quote

Canadian Insider ENB

TSINetwork Rating: Above Average

[blin10]

I wanted to buy around $28 and didn't, now this thing at 40, ouch

[Toronto.gal]

Happy to have bought in 2009 & still holding! Bought at the same time as TRP & still holding that one as well, and dripping!

[Cal]

Yes, ENB has been an absolute rock star since then haven't they. I picked up some more units as the price dropped below $40 this week.

[Compounding1]

Happy to have bought in 2009 & still holding! Bought at the same time as TRP & still holding that one as well, and dripping!

Same here! Doubled my money

I'm thinking of putting more in soon. It looks like it could dip to $37 mark today. I might try to wait til the $36 range and jump in then. Anyone else keeping their eye on this one?

[Toronto.gal]

I'm not buying anything for holding purposes that has not taken a beating of a few % points at least.

I DRIP ENB with the transfer agent, so basically I just average up with dividends and with occasional cash purchases [though I do take advantage of price drops via trading].

[Cal]

Yes, ENB has been an absolute rock star since then haven't they. I picked up some more units as the price dropped below $40 this week.

I think I jinxed ENB.

[doctrine]

I like ENB but I sold my small position at $40. (had bought at $27). I was getting uncomfortable at $35 but it shot up past $40 so quick I didn't have time to sell.

[Cal]

The price has floated under $40 for a little bit now, it looks like you sold at a good time, for a short term play. I am now starting to think of picking some more up long term, as I expect a 5% dividend in crease to be announced in December. And share price to appreciate a little over the next 2 months.

ENB site - 'The annualized dividend is currently $1.13 per share, and has been increased every year since 1996. In fact, it has grown 15% per year for each of the last 3 years. Enbridge's target dividend payout is between 60 to 70 per cent of earnings'

Due to the current payout ratio I am not expecting a 15% increase. But a 5% increase would keep the increase ahead of inflation.

[Ethan]

The price has floated under $40 for a little bit now, it looks like you sold at a good time, for a short term play. I am now starting to think of picking some more up long term, as I expect a 5% dividend in crease to be announced in December. And share price to appreciate a little over the next 2 months.

ENB site - 'The annualized dividend is currently $1.13 per share, and has been increased every year since 1996. In fact, it has grown 15% per year for each of the last 3 years. Enbridge's target dividend payout is between 60 to 70 per cent of earnings'

Due to the current payout ratio I am not expecting a 15% increase. But a 5% increase would keep the increase ahead of inflation.

Enbridge has basic EPS of $0.36 in the first 2 quarters of 2012, against dividends of $0.565
On a cash basis, through 2 quarters they have operating cash flows of $1,632 million against capital expenditures of $2,059 million and dividends of $339 million. I don't think there is a business case for raising the dividend, I hope they don't raise just to keep a meaningless streak intact.