Enbridge Inc.
ENBEnergy · Stock · quarterly payer
Forward Yield
4.96%
Annual Dividend
$2.81
Payout Ratio
129%
5-Yr Growth
2.3%
Ex-Date
May 15, 2026
Frequency
Quarterly
Summary
As of July 2026, Enbridge Inc. (ENB) yields 4.96% ($2.81 per share annually), with a blended fair-value estimate of $44.36 — -22% downside, so it screens as overvalued. Dividend safety grade: C (57/100). 2 years of dividend growth.
Is ENB a good dividend stock?
MixedEnbridge Inc. (ENB) pays a quarterly dividend yielding 4.96% ($2.81/yr), with 2 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- 44% total price return over 5 years
Risks
- Cut its dividend in 2018
- Elevated payout ratio (129%)
Key Data
- Dividend Yield
- 4.96%
- Payout Ratio
- 129%
- Annual Dividend
- $2.81
- 5-Yr Avg Growth
- 2.3%
- Ex-Dividend Date
- May 15, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 0.80
- Market Cap
- $121.7B
- P/E Ratio
- 27.3
- 5-Yr Total Return
- 44%
- 52-Week Range
- $44.54 – $58.45
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2018)
Frequently Asked Questions
ENB Price — Last 12 Months
Daily close
Price Return
1 Year
+17%
3 Years
+62%
5 Years
+44%
52-Week Range
$44.54 – $58.45
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ENB worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Enbridge Inc. is $44.36 per share, versus a market price of $56.71. That implies 22% of downside.
Fair Value
$44.36
Current Price
$56.71
Downside
-22%
Margin of Safety
-28%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 19.3% annual free-cash-flow growth. We model 9.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.3% discount rate (CAPM), 9.9% stage-1 growth, 2.5% terminal growth, $2.08 EPS, $2.81 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ENB Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 15, 2026 | — | $0.7070 | regular |
| Feb 17, 2026 | — | $0.7120 | regular |
| Aug 15, 2025 | — | $0.6830 | regular |
| May 15, 2025 | — | $0.6800 | regular |
| Feb 14, 2025 | — | $0.6700 | regular |
| Nov 15, 2024 | — | $0.6530 | regular |
| Aug 15, 2024 | — | $0.6680 | regular |
| May 14, 2024 | — | $0.6700 | regular |
| Feb 14, 2024 | — | $0.6750 | regular |
| Nov 14, 2023 | — | $0.6430 | regular |
| Aug 14, 2023 | — | $0.6600 | regular |
| May 12, 2023 | — | $0.6580 | regular |
| Feb 14, 2023 | — | $0.6660 | regular |
| Nov 14, 2022 | — | $0.6490 | regular |
Income Calculator
At $2.81 / yr per share
