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Data last updated: Aug 18, 2026
Snapshot (as of Aug 18, 2026): Enbridge Inc. (ENB.TO) pays a $3.85 annual dividend ($0.97 quarterly), yielding 5.41% at $71.18/share. Next ex-dividend date 2026-08-14. 13 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.41%
Annual Dividend: $3.85 per share
Payout Ratio: 135.3%
Ex-Dividend Date: 2026-08-14
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 32
Enbridge Inc. dividend income comes from one of North America's largest energy infrastructure operators, moving crude oil and natural gas across Canada and the United States. The current yield sits at 5.41%, well above the income threshold most dividend investors target. ENB.TO pays quarterly, with a trailing annual rate of $3.8525 per share and the next ex-dividend date set for August 14, 2026. A beta of 0.794 means ENB.TO moves less than the broader market, which suits income-focused investors who prioritize payment size over price appreciation.
Enbridge Inc. pays out 135.3% 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, creating recurring demand that supports cash generation beyond what reported earnings alone reflect. Enbridge Inc. dividend safety faces pressure from that elevated payout ratio, which leaves little room for earnings deterioration before the dividend would require reassessment. The data also notes at least one year-over-year decline exceeding 5% in the historical window, a reminder that the payout has not been entirely smooth.
Enbridge Inc. dividend history shows a CAGR of 5.5% per year from 2012 to 2025. The per-share annual dividend grew from $1.13 in 2012 to $3.77 in 2025 (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 32.9% in 2015, while more recent years have delivered single-digit raises, so growth is slow by current standards. For income investors, 5.5% annual growth has meaningfully compounded the payout over time, but the pace has clearly decelerated.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +3.1% | $3.44 (2022) | $3.77 (2025) |
| 5-Year | +3.1% | $3.24 (2020) | $3.77 (2025) |
| 10-Year | +7.3% | $1.86 (2015) | $3.77 (2025) |
ENB.TO fits income-focused investors who want a high current yield from essential energy infrastructure. The yield classification is high (above 4%), and at 5.41% it sits above the 5-year average of 4.99%, meaning buyers today are locking in a yield above what the stock has historically offered. Thirteen consecutive years of dividend increases show a commitment to growing the payout, though the 135.3% payout ratio is the central trade-off: the income is substantial, but the margin of safety is thin. What an investor gets is a large, growing quarterly payment backed by pipeline and gas distribution assets. What they accept is a payout that exceeds reported earnings.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-14 | $0.9700 |
| 2026-05-15 | $0.9700 |
| 2026-02-17 | $0.9700 |
| 2025-11-14 | $0.9425 |
| 2025-08-15 | $0.9425 |
| 2025-05-15 | $0.9425 |
| 2025-02-14 | $0.9425 |
| 2024-11-15 | $0.9150 |
| 2024-08-15 | $0.9150 |
| 2024-05-14 | $0.9150 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.9100 |
| 2025 | $3.7700 |
| 2024 | $3.6600 |
| 2023 | $3.5500 |
| 2022 | $3.4400 |
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