Enbridge raises dividend 10 per cent for 2019

CALGARY — Enbridge Inc. is raising its dividend by 10 per cent for next year.The pipeline and utility company says the increase means it will pay a dividend of $2.95 per share annually, effective in the first quarter of 2019.Based on Enbridge’s closing share price Monday of $42.09, the stock will have an annual yield of about seven per cent.Enbridge also says it anticipates another 10 per cent increase in its dividend for 2020.The increase in its payment to shareholders comes as the company has been restructuring its business this year to focus on its low-risk regulated pipeline and utility operations.Enbridge has sold non-core assets, simplified its structure and reduced its debt.

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