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Data last updated: Jul 10, 2026
Dividend Yield: 4.97%
Annual Dividend: $3.83 per share
Payout Ratio: 121.1%
Ex-Dividend Date: 2026-05-15
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 37
Enbridge Inc. is one of North America's largest energy infrastructure operators, moving crude oil and natural gas through an extensive pipeline network across Canada and the United States. The Enbridge Inc. dividend currently yields 4.99%, placing it firmly in high-yield territory for income-focused investors. ENB pays quarterly, with a trailing annual rate of $3.8250 per share and an upcoming ex-dividend date of May 15, 2026. A beta of 0.795 means ENB stock moves less than the broader market, which suits investors who prioritize income over price appreciation.
Enbridge Inc. pays out 121.1% of earnings as dividends, a payout ratio classified as high (above 75%). The company's pipeline and gas distribution operations serve residential, commercial, and industrial customers in Ontario and Quebec, providing recurring demand that supports cash generation even when the payout ratio exceeds reported earnings. Enbridge Inc. dividend safety faces pressure from that 121.1% figure, which leaves no earnings buffer and means the dividend depends on cash flows running well above net income.
Enbridge Inc. dividend history shows a CAGR of 9.9% per year from 2009 to 2024. The per-share annual dividend grew from $0.6510 to $2.6660 over that period (2026 data is a partial year and excluded from this calculation). The largest annual increase in the window was 26.6% in 2010, while recent years from 2021 through 2024 show the dividend holding in a tight range between $2.6270 and $2.6770, meaning growth has effectively stalled in the near term.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -8.6% | $2.66 (2022) | $2.03 (2025) |
| 5-Year | -3.4% | $2.42 (2020) | $2.03 (2025) |
| 10-Year | +3.1% | $1.49 (2015) | $2.03 (2025) |
ENB stock fits dividend investors who want a high current yield from essential energy infrastructure and can accept an elevated payout ratio. At 4.99%, the yield sits just above its 5-year average of 4.93%, so there is no unusual discount or premium baked in right now. The long-term growth rate of 9.9% per year looks attractive on paper, but recent years tell a different story: the dividend has been essentially flat since 2021. What an investor gets here is a high (above 4%) yield backed by pipeline and gas distribution assets with recurring demand. The trade-off is a payout ratio above 100% and near-zero near-term dividend growth.
| Payment Date | Amount per Share |
|---|---|
| 2026-05-15 | $0.7054 |
| 2026-02-17 | $0.7120 |
| 2025-08-15 | $0.6830 |
| 2025-05-15 | $0.6800 |
| 2025-02-14 | $0.6700 |
| 2024-11-15 | $0.6530 |
| 2024-08-15 | $0.6680 |
| 2024-05-14 | $0.6700 |
| 2024-02-14 | $0.6750 |
| 2023-11-14 | $0.6430 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.4174 |
| 2025 | $2.0330 |
| 2024 | $2.6660 |
| 2023 | $2.6270 |
| 2022 | $2.6600 |
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