Enbridge Inc (ENB) Raises Dividend; Stock Soars

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Enbridge Inc (ENB) Raises Dividend; Stock Soars

Enbridge Inc (NYSE:ENB) raised its quarterly dividend for its common stock by 33%, and announced a restructuring plan as part of its initiative to enhance value for shareholders.

The announcement of Enbridge Inc (NYSE:ENB) drove its stock higher by more than 11% to $53.41 per share at the time of this writing, around 12:27 in the afternoon in New York.

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According to the energy pipeline company, its next quarterly dividend will increase to $0.46 per share, which will be payable on March 1, 2015 to shareholders