RE:RE:RE:RE:Surprise dividend increase?Good post! It's good to be reminded why we got into ENB in the first place.
The last div increase ratio was just enough not to spook the market, ENB management showed strength and confidence with a minimal increase. Better times ahead for sure!
ckwong wrote: Add the picture
ckwong wrote: ENB Dividend Increase, Yield and Share Price in C$ The above chart may help to explain the observations from Marner and Fantome.
- Most of the time, the dividend increase is about 10%. It can be as healthy as 35% (2015) or as minimal as 3% (this year).
- The dividend raise is very regular. Two exception could be found. Once in 1999, a second dividend increased in August after May. And another one in May 2017 after February which was the result of acquiring Spectra.
- An increase in dividend along with the Q2 financial report in August 2021 will be a nice surprise.
- The yield has been around 3% (1997 – 2014) that is less than banks.
- Since 2015, the yield gets higher. ENB is at a sweet spot for yield seeker. Better than banks and about as secure.
- The ESG movement has driven down the share price but no impact to the money making.
- Earnings per share is on an uptrend since 2008. Only a dip in 2017 (could be the dilution when acquired Spectra). Slide 26 of the Investment Community Presentation 2021.
- Once the ESG transformation and Line 3 & 5 are complete, the uncertainty dark cloud will be evaporated and the share price may resume to the historic uptrend.