SmarterDividends
ENB

Enbridge Inc.

ENB

Energy · Oil & Gas Midstream · Stock · quarterly payer

$49.46

Fairly valued · -3% Add to Portfolio

Forward Yield

5.66%

Annual Dividend

$2.80

Payout Ratio

148%

5-Yr Growth

2.3%

Ex-Date

Aug 14, 2026

Frequency

Quarterly

Key facts about ENB's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 2, 2026, Enbridge Inc. (ENB) has a forward dividend yield of 5.66%, based on an annual dividend of $2.80 per share and a share price of $49.46.
  • As of Nov 2, 2026, ENB's dividend safety grade from SmarterDividends is C (59 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Enbridge Inc. (ENB) has raised its dividend for 2 consecutive years as of Nov 2, 2026.
  • ENB last cut its regular dividend in 2018.
  • ENB's most recent ex-dividend date was Aug 14, 2026, for a dividend of $0.70 per share.
  • As of Nov 2, 2026, ENB pays out 148% of its trailing 12-month earnings as dividends (its payout ratio).
  • ENB's dividend has grown at an average rate of 2.3% a year over the past five years.
  • As of Nov 2, 2026, ENB's 5.66% yield is 11% below its five-year average yield of 6.38%.
  • As of Nov 2, 2026, SmarterDividends' blended fair-value estimate for ENB is $47.99 per share, 3% below the $49.46 share price, so ENB screens as fairly valued.
  • Enbridge Inc. (ENB) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "ENB Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 2, 2026, https://smarterdividends.com/stocks/ENB

Summary

As of Nov 2, 2026, Enbridge Inc. (ENB) yields 5.66% ($2.80 a year per share), has a dividend safety grade of C (59/100) and has 2 consecutive years of dividend increases on record.

Is ENB a good dividend stock?

Yes, with caveats

Enbridge Inc. (ENB) pays a quarterly dividend yielding 5.66% ($2.80/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2018
    • Elevated payout ratio (148%)

    Key Data

    Dividend Yield
    5.66%
    Payout Ratio
    148%
    Annual Dividend
    $2.80
    5-Yr Avg Growth
    2.3%
    Ex-Dividend Date
    Aug 14, 2026
    Years of Growth
    2
    Frequency
    quarterly
    Beta
    0.80
    Market Cap
    $110.2B
    P/E Ratio
    26.4
    5-Yr Total Return
    32%
    52-Week Range
    $45.03 – $58.45
    Dividend Safety
    C · 59/100
    Ever Cut?
    Yes (2018)

    ENB dividend changes

    Enbridge Inc. (ENB) pays a variable dividend: across the 142 payments on record since 1990, 58 were higher than the one before and 25 lower. The latest change was down 1.6% to $0.696 per share, going ex-dividend on Aug 14, 2026.

    Ex-dateChangeOld → newMove
    Aug 14, 2026Lower$0.707 → $0.696−1.6%
    Feb 17, 2026Higher$0.683 → $0.712+4.2%
    Aug 15, 2025Higher$0.680 → $0.683+0.4%
    May 15, 2025Higher$0.670 → $0.680+1.5%
    Feb 14, 2025Higher$0.653 → $0.670+2.6%
    Nov 15, 2024Lower$0.668 → $0.653−2.2%
    Feb 14, 2024Higher$0.643 → $0.675+5.0%
    Nov 14, 2023Lower$0.660 → $0.643−2.6%
    Aug 14, 2023Higher$0.658 → $0.660+0.3%
    May 12, 2023Lower$0.666 → $0.658−1.2%
    Feb 14, 2023Higher$0.649 → $0.666+2.6%
    Nov 14, 2022Lower$0.674 → $0.649−3.7%
    Every ENB payment →Download every raise and cut (CSV)
    ENB ex-dividend date & scheduleNext ex-date Aug 14, 2026 · full ex-dividend historyView →ENB dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is ENB a good dividend stock?

    Yes, with caveats. Enbridge Inc. (ENB) pays a quarterly dividend yielding 5.66% ($2.80/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

    Is ENB undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ENB's fair value is about $47.99 versus a $49.46 share price — so it looks fairly valued (-3% vs. fair value).

    Is ENB's dividend safe?

    ENB has a dividend-safety grade of C (59/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2018, debt and yield-versus-history.

    What is ENB's fair value?

    Our blended fair-value estimate for ENB is about $47.99 per share, about 3% below the current $49.46 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is ENB a buy, hold, or sell?

    We don't issue formal ratings, but on the data ENB screens as "yes, with caveats" and fairly valued. Enbridge Inc. (ENB) pays a quarterly dividend yielding 5.66% ($2.80/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will ENB cut its dividend?

    ENB earns a dividend-safety grade of C (59/100), and has cut its dividend before (last in 2018). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does ENB pay a dividend?

    Yes. Enbridge Inc. pays a quarterly dividend of about $2.80 per share annually, a forward yield of roughly 5.66%.

    What is ENB's dividend yield?

    As of Nov 2, 2026, ENB's forward dividend yield is 5.66%, based on a $2.80 annual dividend and a $49.46 share price.

    What is ENB's dividend per share?

    As of Nov 2, 2026, ENB pays $2.80 per share per year, distributed on a quarterly basis.

    What is ENB's dividend payout ratio?

    As of Nov 2, 2026, ENB's payout ratio is 148% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has ENB grown its dividend?

    As of Nov 2, 2026, ENB has increased its dividend for 2 consecutive years.

    When is the next ENB ex-dividend date?

    As of Nov 2, 2026, ENB's next ex-dividend date hasn't been announced. The most recent was Aug 14, 2026, for $0.70 per share.

    Income Calculator

    At $2.80 / yr per share

    Per payment (quarterly)$70.00
    Annual$280.00
    Monthly avg$23.33

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