- Enbridge announced a 15% dividend increase for 2010
- This is the largest increase (by %) since 1973
- Enbridge has been paying a dividend since 1953
- Current streak of 15 years of consecutive dividend growth
- No dividend growth from 1987 to 1995
- Stints of no dividend growth in the 1960s and 1970s
- From 1955-2010, the average dividend increase was 8.6%
- From 2000-2010, the average dividend increase was 10%
This year’s dividend increase reflects Enbridge’s record results in 2009. Going forward, investors should temper their expectations and hope for dividend increases in the range of 8% to 10% per annum. This would be inline with forecasted EPS growth of 10% from 2010 to 2013.
3 comments:
Another great post... It's great to have a Canadian looking into these dividend paying stocks in such detail. Thanks!
Thanks for the positive feedback.
Tom Slee recommended Enbridge on Aug. 23/99 at $16.
Thanks to a string of Dividend increases, $1.70 dividend per year and now provides a 10.6% yield on our original investment at $16. It's an example of the excellent returns to be earned from steady dividend growth stocks.
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