• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • BOE Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Enbridge to pay higher dividends to shareholders next year and sell some assets

November 29, 20178:00 PM The Canadian Press0 Comments

CALGARY – Enbridge says it is going to sell off at least $3 billion of its assets next year.

The Calgary-based energy giant said it has identified $10 billion of what it describes as non-core assets.

Enbridge announced a strategic update late Wednesday to focus the company on its pipeline and utilities businesses following the takeover of U.S -based Spectra Energy earlier this year.

“We will rationalize our asset mix to a pure regulated pipeline and utility business model,” Enbridge CEO Al Monaco said in a statement.

The company said it is also planning to issue $1.5 billion of common shares and shareholders will see their dividend cheques increase next year.

Enbridge (TSX:ENB) said it will pay out a quarterly dividend of $0.671 per common share, payable on March 1, 2018. The dividend represents a 10 per cent increase from the previously quarterly rate.

The company has an extensive network of oil and natural gas pipelines that ship about 65 per cent of Canadian crude oil exports bound for the U.S.

Enbridge Spectra Energy

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Week in Review – Stock gainers/fallers and most read articles
  • US drillers cut oil and gas rigs for third quarter in a row – Baker Hughes
  • Coastal GasLink pipeline project 98 percent complete
  • US natgas prices ease 1% as mild weather keeps demand low
  • Canadian Rig Count Summary – Active rig count reaches 187

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • App
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contribute
    • Contact
    • Report Error
    Featured In
    • Rigger Talk
    Data Partner
    BOE Network
    © 2023 Stack Technologies Ltd.