Has the company enbridege every cut is dividend?
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Has the company enbridege every cut is dividend?
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Dividends and Common Shares - Enbridge Inc.
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Stock and Dividend Information - Enbridge Inc.
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Here's Why We're Wary Of Buying Enbridge's (TSE:ENB) For Its ...
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<div class="prose dark:prose-invert inline leading-normal break-words min-w-0 [word-break:break-word]" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); scrollbar-color: auto; scrollbar-width: auto; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; color: var(--tw-prose-body); max-width: 65ch; --tw-prose-body: oklch(var(--text-color-100)/); --tw-prose-headings: oklch(var(--text-color-100)/); --tw-prose-lead: oklch(var(--text-color-100)/); --tw-prose-links: oklch(var(--text-color-100)/); --tw-prose-bold: oklch(var(--text-color-100)/); --tw-prose-counters: oklch(var(--text-color-200)/); --tw-prose-bullets: oklch(var(--text-color-200)/); --tw-prose-hr: oklch(var(--border-color-100)/); --tw-prose-quotes: oklch(var(--text-color-100)/); --tw-prose-quote-borders: oklch(var(--border-color-100)/); --tw-prose-captions: oklch(var(--text-color-200)/); --tw-prose-kbd: #111827; --tw-prose-kbd-shadows: 17 24 39; --tw-prose-code: oklch(var(--text-color-100)/); --tw-prose-pre-code: oklch(var(--text-color-100)/); --tw-prose-pre-bg: oklch(var(--background-color-200)/); --tw-prose-th-borders: oklch(var(--border-color-100)/); --tw-prose-td-borders: oklch(var(--border-color-100)/); --tw-prose-invert-body: oklch(var(--dark-text-color-100)/); --tw-prose-invert-headings: oklch(var(--dark-text-color-100)/); --tw-prose-invert-lead: oklch(var(--dark-text-color-100)/); --tw-prose-invert-links: oklch(var(--dark-text-color-100)/); --tw-prose-invert-bold: oklch(var(--dark-text-color-100)/); --tw-prose-invert-counters: oklch(var(--dark-text-color-200)/); --tw-prose-invert-bullets: oklch(var(--dark-text-color-200)/); --tw-prose-invert-hr: oklch(var(--dark-border-color-100)/); --tw-prose-invert-quotes: oklch(var(--dark-text-color-100)/); --tw-prose-invert-quote-borders: oklch(var(--dark-border-color-100)/); --tw-prose-invert-captions: oklch(var(--dark-text-color-100)/); --tw-prose-invert-kbd: #fff; --tw-prose-invert-kbd-shadows: 255 255 255; --tw-prose-invert-code: oklch(var(--dark-text-color-100)/); --tw-prose-invert-pre-code: oklch(var(--dark-text-color-100)/); --tw-prose-invert-pre-bg: oklch(var(--dark-background-color-200)/); --tw-prose-invert-th-borders: oklch(var(--dark-border-color-100)/); --tw-prose-invert-td-borders: oklch(var(--dark-border-color-100)/); font-size: 1rem; line-height: 1.5; display: inline; min-width: 0px; overflow-wrap: break-word; word-break: break-word;">Enbridge Inc. has never cut its dividend. Instead, the company has a consistent track record of increasing its dividends annually. As of November 2023, Enbridge announced a 3.1% increase in its dividend per share, raising the quarterly dividend to $0.9150, which translates to an annualized dividend of $3.66 per share for 2024. Over the past 29 years, Enbridge's dividend has grown at an average compound annual growth rate of 10%.Despite concerns about the sustainability of its dividend due to high payout ratios, Enbridge has managed to maintain and grow its dividend payments. The company has historically paid out dividends that exceed its profits, but it has generated enough cash flow to support these payments. While there are risks associated with its high payout ratios and debt levels, Enbridge's dividend has remained stable and continues to be a key feature of its investment appeal.
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How often does Enbridge increase its dividend per share
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Dividends and Common Shares - Enbridge Inc.
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Dividends and Common Shares - Enbridge Inc.
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ENB (Enbridge) 5-Year Dividend Growth Rate - GuruFocus
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<div class="prose dark:prose-invert inline leading-normal break-words min-w-0 [word-break:break-word]" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); scrollbar-color: auto; scrollbar-width: auto; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; color: var(--tw-prose-body); max-width: 65ch; --tw-prose-body: oklch(var(--text-color-100)/); --tw-prose-headings: oklch(var(--text-color-100)/); --tw-prose-lead: oklch(var(--text-color-100)/); --tw-prose-links: oklch(var(--text-color-100)/); --tw-prose-bold: oklch(var(--text-color-100)/); --tw-prose-counters: oklch(var(--text-color-200)/); --tw-prose-bullets: oklch(var(--text-color-200)/); --tw-prose-hr: oklch(var(--border-color-100)/); --tw-prose-quotes: oklch(var(--text-color-100)/); --tw-prose-quote-borders: oklch(var(--border-color-100)/); --tw-prose-captions: oklch(var(--text-color-200)/); --tw-prose-kbd: #111827; --tw-prose-kbd-shadows: 17 24 39; --tw-prose-code: oklch(var(--text-color-100)/); --tw-prose-pre-code: oklch(var(--text-color-100)/); --tw-prose-pre-bg: oklch(var(--background-color-200)/); --tw-prose-th-borders: oklch(var(--border-color-100)/); --tw-prose-td-borders: oklch(var(--border-color-100)/); --tw-prose-invert-body: oklch(var(--dark-text-color-100)/); --tw-prose-invert-headings: oklch(var(--dark-text-color-100)/); --tw-prose-invert-lead: oklch(var(--dark-text-color-100)/); --tw-prose-invert-links: oklch(var(--dark-text-color-100)/); --tw-prose-invert-bold: oklch(var(--dark-text-color-100)/); --tw-prose-invert-counters: oklch(var(--dark-text-color-200)/); --tw-prose-invert-bullets: oklch(var(--dark-text-color-200)/); --tw-prose-invert-hr: oklch(var(--dark-border-color-100)/); --tw-prose-invert-quotes: oklch(var(--dark-text-color-100)/); --tw-prose-invert-quote-borders: oklch(var(--dark-border-color-100)/); --tw-prose-invert-captions: oklch(var(--dark-text-color-100)/); --tw-prose-invert-kbd: #fff; --tw-prose-invert-kbd-shadows: 255 255 255; --tw-prose-invert-code: oklch(var(--dark-text-color-100)/); --tw-prose-invert-pre-code: oklch(var(--dark-text-color-100)/); --tw-prose-invert-pre-bg: oklch(var(--dark-background-color-200)/); --tw-prose-invert-th-borders: oklch(var(--dark-border-color-100)/); --tw-prose-invert-td-borders: oklch(var(--dark-border-color-100)/); font-size: 1rem; line-height: 1.5; display: inline; min-width: 0px; overflow-wrap: break-word; word-break: break-word;">Enbridge Inc. typically increases its dividend per share annually. The company has a consistent track record of delivering annual dividend increases, with a compound annual growth rate (CAGR) of 10% over the past 29 years.
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What are the key factors driving Enbridge's dividend increases
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Investors should look beyond Enbridge's enticing dividend yield
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2024 ebitda - Release Details - Enbridge Inc.
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Release Details - Enbridge Inc.
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<div class="prose dark:prose-invert inline leading-normal break-words min-w-0 [word-break:break-word]" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); scrollbar-color: auto; scrollbar-width: auto; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; color: var(--tw-prose-body); max-width: 65ch; --tw-prose-body: oklch(var(--text-color-100)/); --tw-prose-headings: oklch(var(--text-color-100)/); --tw-prose-lead: oklch(var(--text-color-100)/); --tw-prose-links: oklch(var(--text-color-100)/); --tw-prose-bold: oklch(var(--text-color-100)/); --tw-prose-counters: oklch(var(--text-color-200)/); --tw-prose-bullets: oklch(var(--text-color-200)/); --tw-prose-hr: oklch(var(--border-color-100)/); --tw-prose-quotes: oklch(var(--text-color-100)/); --tw-prose-quote-borders: oklch(var(--border-color-100)/); --tw-prose-captions: oklch(var(--text-color-200)/); --tw-prose-kbd: #111827; --tw-prose-kbd-shadows: 17 24 39; --tw-prose-code: oklch(var(--text-color-100)/); --tw-prose-pre-code: oklch(var(--text-color-100)/); --tw-prose-pre-bg: oklch(var(--background-color-200)/); --tw-prose-th-borders: oklch(var(--border-color-100)/); --tw-prose-td-borders: oklch(var(--border-color-100)/); --tw-prose-invert-body: oklch(var(--dark-text-color-100)/); --tw-prose-invert-headings: oklch(var(--dark-text-color-100)/); --tw-prose-invert-lead: oklch(var(--dark-text-color-100)/); --tw-prose-invert-links: oklch(var(--dark-text-color-100)/); --tw-prose-invert-bold: oklch(var(--dark-text-color-100)/); --tw-prose-invert-counters: oklch(var(--dark-text-color-200)/); --tw-prose-invert-bullets: oklch(var(--dark-text-color-200)/); --tw-prose-invert-hr: oklch(var(--dark-border-color-100)/); --tw-prose-invert-quotes: oklch(var(--dark-text-color-100)/); --tw-prose-invert-quote-borders: oklch(var(--dark-border-color-100)/); --tw-prose-invert-captions: oklch(var(--dark-text-color-100)/); --tw-prose-invert-kbd: #fff; --tw-prose-invert-kbd-shadows: 255 255 255; --tw-prose-invert-code: oklch(var(--dark-text-color-100)/); --tw-prose-invert-pre-code: oklch(var(--dark-text-color-100)/); --tw-prose-invert-pre-bg: oklch(var(--dark-background-color-200)/); --tw-prose-invert-th-borders: oklch(var(--dark-border-color-100)/); --tw-prose-invert-td-borders: oklch(var(--dark-border-color-100)/); font-size: 1rem; line-height: 1.5; display: inline; min-width: 0px; overflow-wrap: break-word; word-break: break-word;">Several key factors drive Enbridge's ability to increase its dividend:- Diversified Revenue Streams: Enbridge's business model includes a wide range of energy infrastructure assets, such as oil and gas pipelines, which ensures consistent high utilization and stable revenue generation. This diversification allows the company to maintain and grow its dividends even during economic downturns.
- Strong Distributable Cash Flow (DCF): Enbridge's dividend growth is closely tied to its DCF per share. The company has a targeted payout ratio of 60 to 70% of DCF, which it has maintained over the years. This strong cash flow supports its ability to increase dividends consistently.
- Strategic Acquisitions and Investments: Enbridge has made strategic acquisitions, such as the purchase of U.S. gas utilities, which enhance its market presence and diversify its revenue streams. These acquisitions are expected to enhance Enbridge’s cash flow quality and support the longevity of its growing dividend profile.
- Secured Growth Backlog: Enbridge has a substantial secured growth backlog of projects, which ensures a steady stream of future revenue. This pipeline of projects provides visibility over future cash flows, enabling continued dividend growth.
- Commitment to Dividend Growth: Management prioritizes dividend growth as a core element of its investor value proposition. This commitment is evidenced by Enbridge's 29 consecutive years of annual dividend increases.
- Financial Guidance and Performance: Enbridge regularly provides financial guidance that showcases its expected growth in EBITDA and DCF. For instance, the company expects its 2024 base business EBITDA to grow by more than 4%, which supports its ability to increase dividends.
These factors collectively contribute to Enbridge's capacity to sustain and grow its dividends, making it an attractive option for dividend-focused investors.
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What role does Enbridge's debt level play in its dividend growth
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ENB (Enbridge) 5-Year Dividend Growth Rate - GuruFocus
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Dividends and Common Shares - Enbridge Inc.
enbridge
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ENB - Down -15% in the last year has now hit a price point ... - Reddit
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<div class="prose dark:prose-invert inline leading-normal break-words min-w-0 [word-break:break-word]" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); scrollbar-color: auto; scrollbar-width: auto; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; color: var(--tw-prose-body); max-width: 65ch; --tw-prose-body: oklch(var(--text-color-100)/); --tw-prose-headings: oklch(var(--text-color-100)/); --tw-prose-lead: oklch(var(--text-color-100)/); --tw-prose-links: oklch(var(--text-color-100)/); --tw-prose-bold: oklch(var(--text-color-100)/); --tw-prose-counters: oklch(var(--text-color-200)/); --tw-prose-bullets: oklch(var(--text-color-200)/); --tw-prose-hr: oklch(var(--border-color-100)/); --tw-prose-quotes: oklch(var(--text-color-100)/); --tw-prose-quote-borders: oklch(var(--border-color-100)/); --tw-prose-captions: oklch(var(--text-color-200)/); --tw-prose-kbd: #111827; --tw-prose-kbd-shadows: 17 24 39; --tw-prose-code: oklch(var(--text-color-100)/); --tw-prose-pre-code: oklch(var(--text-color-100)/); --tw-prose-pre-bg: oklch(var(--background-color-200)/); --tw-prose-th-borders: oklch(var(--border-color-100)/); --tw-prose-td-borders: oklch(var(--border-color-100)/); --tw-prose-invert-body: oklch(var(--dark-text-color-100)/); --tw-prose-invert-headings: oklch(var(--dark-text-color-100)/); --tw-prose-invert-lead: oklch(var(--dark-text-color-100)/); --tw-prose-invert-links: oklch(var(--dark-text-color-100)/); --tw-prose-invert-bold: oklch(var(--dark-text-color-100)/); --tw-prose-invert-counters: oklch(var(--dark-text-color-200)/); --tw-prose-invert-bullets: oklch(var(--dark-text-color-200)/); --tw-prose-invert-hr: oklch(var(--dark-border-color-100)/); --tw-prose-invert-quotes: oklch(var(--dark-text-color-100)/); --tw-prose-invert-quote-borders: oklch(var(--dark-border-color-100)/); --tw-prose-invert-captions: oklch(var(--dark-text-color-100)/); --tw-prose-invert-kbd: #fff; --tw-prose-invert-kbd-shadows: 255 255 255; --tw-prose-invert-code: oklch(var(--dark-text-color-100)/); --tw-prose-invert-pre-code: oklch(var(--dark-text-color-100)/); --tw-prose-invert-pre-bg: oklch(var(--dark-background-color-200)/); --tw-prose-invert-th-borders: oklch(var(--dark-border-color-100)/); --tw-prose-invert-td-borders: oklch(var(--dark-border-color-100)/); font-size: 1rem; line-height: 1.5; display: inline; min-width: 0px; overflow-wrap: break-word; word-break: break-word;">Enbridge's debt level plays a significant role in its dividend growth strategy, influencing both the sustainability and the potential for future increases. Here are some key points regarding the impact of debt on Enbridge's dividend growth:- Debt Levels and Financial Pressure: Enbridge has a substantial amount of debt, which has been a concern for credit rating agencies. The company's recent acquisition of U.S. natural gas utilities added further debt, increasing financial pressure. High debt levels can limit the company's financial flexibility and may impact its ability to sustain or grow dividends if cash flows are insufficient to cover both debt obligations and dividend payments.
- Dividend Payout Ratio: Enbridge maintains a target dividend payout ratio of 60-70% of its distributable cash flow (DCF). While this ratio helps balance dividend payments with reinvestment needs, high debt levels could strain this balance, potentially affecting future dividend growth.
- Impact of Interest Rates: Rising interest rates can increase the cost of servicing debt, which may affect Enbridge's cash flow available for dividends. Higher debt servicing costs could lead to slower dividend growth if the company prioritizes debt repayment over dividend increases.
- Strategic Acquisitions and Share Issuance: To finance its acquisitions, Enbridge has issued new shares, which increases the total dividend payout obligation. This additional financial commitment, coupled with existing debt, could constrain the company's ability to increase dividends at historical rates.
- Commitment to Dividend Growth: Despite these challenges, Enbridge has consistently increased its dividend annually for 29 years, demonstrating a strong commitment to maintaining and growing its dividend. The company views dividend growth as a key component of its investor value proposition, which suggests that it will continue to prioritize dividends even amidst financial pressures.
Overall, while Enbridge's debt level poses challenges, the company has managed to continue its dividend growth through strategic financial management and a focus on maintaining a healthy payout ratio.
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How has Enbridge's debt level changed over the past five years
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Enbridge Inc Long Term Debt 2010-2024 | ENB - Macrotrends
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[PDF] ENBRIDGE INC. CONSOLIDATED FINANCIAL STATEMENTS
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Enbridge (ENB) - Total debt - Largest Companies by Market Cap
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<div class="prose dark:prose-invert inline leading-normal break-words min-w-0 [word-break:break-word]" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); scrollbar-color: auto; scrollbar-width: auto; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; color: var(--tw-prose-body); max-width: 65ch; --tw-prose-body: oklch(var(--text-color-100)/); --tw-prose-headings: oklch(var(--text-color-100)/); --tw-prose-lead: oklch(var(--text-color-100)/); --tw-prose-links: oklch(var(--text-color-100)/); --tw-prose-bold: oklch(var(--text-color-100)/); --tw-prose-counters: oklch(var(--text-color-200)/); --tw-prose-bullets: oklch(var(--text-color-200)/); --tw-prose-hr: oklch(var(--border-color-100)/); --tw-prose-quotes: oklch(var(--text-color-100)/); --tw-prose-quote-borders: oklch(var(--border-color-100)/); --tw-prose-captions: oklch(var(--text-color-200)/); --tw-prose-kbd: #111827; --tw-prose-kbd-shadows: 17 24 39; --tw-prose-code: oklch(var(--text-color-100)/); --tw-prose-pre-code: oklch(var(--text-color-100)/); --tw-prose-pre-bg: oklch(var(--background-color-200)/); --tw-prose-th-borders: oklch(var(--border-color-100)/); --tw-prose-td-borders: oklch(var(--border-color-100)/); --tw-prose-invert-body: oklch(var(--dark-text-color-100)/); --tw-prose-invert-headings: oklch(var(--dark-text-color-100)/); --tw-prose-invert-lead: oklch(var(--dark-text-color-100)/); --tw-prose-invert-links: oklch(var(--dark-text-color-100)/); --tw-prose-invert-bold: oklch(var(--dark-text-color-100)/); --tw-prose-invert-counters: oklch(var(--dark-text-color-200)/); --tw-prose-invert-bullets: oklch(var(--dark-text-color-200)/); --tw-prose-invert-hr: oklch(var(--dark-border-color-100)/); --tw-prose-invert-quotes: oklch(var(--dark-text-color-100)/); --tw-prose-invert-quote-borders: oklch(var(--dark-border-color-100)/); --tw-prose-invert-captions: oklch(var(--dark-text-color-100)/); --tw-prose-invert-kbd: #fff; --tw-prose-invert-kbd-shadows: 255 255 255; --tw-prose-invert-code: oklch(var(--dark-text-color-100)/); --tw-prose-invert-pre-code: oklch(var(--dark-text-color-100)/); --tw-prose-invert-pre-bg: oklch(var(--dark-background-color-200)/); --tw-prose-invert-th-borders: oklch(var(--dark-border-color-100)/); --tw-prose-invert-td-borders: oklch(var(--dark-border-color-100)/); font-size: 1rem; line-height: 1.5; display: inline; min-width: 0px; overflow-wrap: break-word; word-break: break-word;">Over the past five years, Enbridge's debt level has experienced fluctuations. Here's a summary of the changes:- 2020: Enbridge's total long-term debt was approximately $52.46 billion at the end of 2020, reflecting a 5.48% increase from the previous year.
- 2021: The debt increased significantly to $59.35 billion, marking a 13.13% rise from 2020.
- 2022: The total debt continued to grow, reaching $59.86 billion, a 0.86% increase from 2021.
- 2023: By the end of 2023, Enbridge's debt had risen to $61.33 billion, representing a 2.46% increase from the previous year.
- 2024: As of March 31, 2024, Enbridge's long-term debt was reported at $60.331 billion, a 13.77% increase year-over-year from March 2023. Additionally, Enbridge's total debt, including current and non-current debts, was reported at $64.67 billion.
These changes in debt levels are influenced by Enbridge's strategic acquisitions and investments, which often require substantial financing. Despite these increases, Enbridge has managed to maintain its credit ratings and continues to focus on managing its debt effectively.
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How does Enbridge's debt strategy align with its long-term growth plans
Sources
Enbridge Inc Long Term Debt 2010-2024 | ENB - Macrotrends
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[PDF] ENBRIDGE INC. CONSOLIDATED FINANCIAL STATEMENTS
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Enbridge Extends Visible Growth Outlook, Reiterates Strategic ...
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<div class="prose dark:prose-invert inline leading-normal break-words min-w-0 [word-break:break-word]" style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); scrollbar-color: auto; scrollbar-width: auto; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; color: var(--tw-prose-body); max-width: 65ch; --tw-prose-body: oklch(var(--text-color-100)/); --tw-prose-headings: oklch(var(--text-color-100)/); --tw-prose-lead: oklch(var(--text-color-100)/); --tw-prose-links: oklch(var(--text-color-100)/); --tw-prose-bold: oklch(var(--text-color-100)/); --tw-prose-counters: oklch(var(--text-color-200)/); --tw-prose-bullets: oklch(var(--text-color-200)/); --tw-prose-hr: oklch(var(--border-color-100)/); --tw-prose-quotes: oklch(var(--text-color-100)/); --tw-prose-quote-borders: oklch(var(--border-color-100)/); --tw-prose-captions: oklch(var(--text-color-200)/); --tw-prose-kbd: #111827; --tw-prose-kbd-shadows: 17 24 39; --tw-prose-code: oklch(var(--text-color-100)/); --tw-prose-pre-code: oklch(var(--text-color-100)/); --tw-prose-pre-bg: oklch(var(--background-color-200)/); --tw-prose-th-borders: oklch(var(--border-color-100)/); --tw-prose-td-borders: oklch(var(--border-color-100)/); --tw-prose-invert-body: oklch(var(--dark-text-color-100)/); --tw-prose-invert-headings: oklch(var(--dark-text-color-100)/); --tw-prose-invert-lead: oklch(var(--dark-text-color-100)/); --tw-prose-invert-links: oklch(var(--dark-text-color-100)/); --tw-prose-invert-bold: oklch(var(--dark-text-color-100)/); --tw-prose-invert-counters: oklch(var(--dark-text-color-200)/); --tw-prose-invert-bullets: oklch(var(--dark-text-color-200)/); --tw-prose-invert-hr: oklch(var(--dark-border-color-100)/); --tw-prose-invert-quotes: oklch(var(--dark-text-color-100)/); --tw-prose-invert-quote-borders: oklch(var(--dark-border-color-100)/); --tw-prose-invert-captions: oklch(var(--dark-text-color-100)/); --tw-prose-invert-kbd: #fff; --tw-prose-invert-kbd-shadows: 255 255 255; --tw-prose-invert-code: oklch(var(--dark-text-color-100)/); --tw-prose-invert-pre-code: oklch(var(--dark-text-color-100)/); --tw-prose-invert-pre-bg: oklch(var(--dark-background-color-200)/); --tw-prose-invert-th-borders: oklch(var(--dark-border-color-100)/); --tw-prose-invert-td-borders: oklch(var(--dark-border-color-100)/); font-size: 1rem; line-height: 1.5; display: inline; min-width: 0px; overflow-wrap: break-word; word-break: break-word;">Enbridge's debt strategy is closely aligned with its long-term growth plans, focusing on maintaining financial flexibility while supporting its extensive growth projects and acquisitions. Here are the key aspects of how Enbridge's debt strategy aligns with its growth objectives:- Disciplined Capital Allocation: Enbridge prioritizes disciplined capital allocation to protect its balance sheet. The company aims to invest $6-$7 billion annually in secured projects while maintaining a target leverage range of 4.5x to 5.0x. This approach ensures that investments are accretive on a per-share basis, enhancing Enbridge's growth profile and maintaining balance sheet flexibility.
- Strategic Acquisitions: Enbridge's debt strategy supports its acquisition activities, such as the $19 billion acquisition of three premier U.S. gas utilities. These acquisitions are expected to drive long-term growth and are funded through a combination of debt and equity, ensuring that the company's financial position remains robust.
- Debt Issuance and Management: Enbridge actively manages its debt portfolio by issuing long-term debt with varying maturities. For instance, in April 2024, Enbridge closed a four-tranche offering of senior notes totaling $3.5 billion, with maturities ranging from three to thirty years. This strategy provides significant liquidity to fund capital projects and acquisitions without needing immediate access to capital markets.
- Focus on Low-Risk Commercial Frameworks: Enbridge's growth projects are underpinned by low-risk commercial frameworks, which provide predictable cash flows. This stability supports the company's ability to manage its debt effectively while pursuing growth opportunities.
- Credit Rating Considerations: While Enbridge's debt levels have increased, the company remains focused on maintaining its credit ratings. Although Moody's downgraded Enbridge's credit ratings in March 2024, the outlook was changed to stable, reflecting the company's efforts to manage its debt within acceptable levels.
Overall, Enbridge's debt strategy is designed to support its long-term growth plans by ensuring sufficient liquidity for investments while maintaining financial stability and flexibility. |
