Market dataIncome framework read
Dividend CompanyTSXCanada

ENB.TO

Enbridge

EnergyPlain dividendQuarterly

Market Snapshot

$78.80

-$0.43 (-54.27%)

Toronto

Yield

4.90%

Rate $3.88

Next Payment

Payment date passed

Ex-date 2026-05-15

52wk Position

91.18%

-2.29% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Quarterly income profile is visible

ENB.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.

2

DRIP defense

Editorial framework

Fortress at the default 100-share test

ENB.TO prints 1.23 shares per payment at default inputs. The defended price ceiling is $97.00.

3

Main watch item

Provider reported

Price sits close to its 52-week high

ENB.TO is -2.29% below its provider-reported 52-week high. For DRIP planning, that can compress the number of shares printed per payment.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Fortress
Cash
$97.00
APR
1.231
Coverage
1.231

Fortress level. Selectively used for highest-priority rungs.

Price Creep

Defended price ceiling

Max defended
$97.00
Cushion
$18.20
Cushion %
23.10%
Current $78.80Break $97.00

Smart Recommendation

ENB.TO is inside the defended DRIP zone at these inputs; monitor price creep before adding new capital.

Research Signals

Payout sustainability

Strong

1mo ago

DRIP availability

Available

1mo ago

Tax character

Eligible dividend

1mo ago

Distribution history

Multi-decade

1mo ago

Structure complexity

Moderate

1mo ago

Income trend

Growing

1mo ago

Account suitability

Non-reg: eligible div

1mo ago

Structure Overview

Enbridge (ENB) is North America's largest pipeline and energy infrastructure company, with the majority of revenues from fee-based, regulated contracts. ENB has grown its dividend annually for over 28 consecutive years and targets continued annual increases linked to distributable cash flow growth. The company's utility-like cash flow profile underpins payout sustainability despite commodity price cycles.

Canadian Planning Notes

  • 1ENB is cross-listed on the NYSE; Canadian investors should use the TSX listing to receive CAD dividends and avoid currency conversion costs.
  • 2Eligible dividends qualify for the tax credit; ENB's DRIP is widely available and historically used by a large percentage of shareholders.
  • 3ENB carries significant long-term debt tied to capital-intensive infrastructure projects; verify debt metrics and capital allocation guidance with each annual earnings release.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$78.80

Previous close

$79.23

Day range

$78.04 - $79.02

52wk range

$59.68 - $80.65

Market cap

172.1B

Volume

2.9M

Avg volume

8.4M

Exchange

Toronto

Dividend and distribution

Forward rate

$3.88

Trailing rate

$3.80

Forward yield

4.90%

Trailing yield

4.80%

Per payment

$0.97

Cadence

Quarterly

Next ex-date

May 15, 2026

Next pay

Jun 1, 2026

Last dividend

$0.97

Last dividend date

May 15, 2026

Performance

Daily change

-$0.43

Daily change %

-54.27%

52wk position

91.18%

Below 52wk high

-2.29%

Above 52wk low

32.04%

Open

$78.83

Earnings and financials

Trailing EPS

2.95

Forward EPS

3.17

Revenue

69B

Revenue growth

20.80%

Profit margin

10.00%

Operating margin

14.73%

Payout ratio

N/A

Free cash flow

-1.4B

Total cash

1.7B

ROE

10.13%

ROA

3.17%

Debt/equity

160.13

Beta

0.81

Valuation

Trailing P/E

26.71

Forward P/E

24.84

Price/sales

2.49

Price/book

2.96

Enterprise value

290.4B

EV/EBITDA

17.02

Analyst facts

Target mean

$78.48

Target high

$85.00

Target low

$72.00

Recommendation mean

2.48

Recommendation key

buy

Analysts

21

Canadian Context

Account placement

Non-registered

Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.

TFSA: Tax-free growth and withdrawals.

RRSP: Tax-deferred growth, with withdrawals taxed as regular income.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.