Enbridge Income Fund Holdings Inc Declares Monthly Dividend of $0.17 (ENF)

Enbridge Income Fund Holdings Inc (TSE:ENF) announced a monthly dividend on Wednesday, November 29th, Zacks reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.171 per share on Monday, January 15th. This represents a $2.05 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date of this dividend is Thursday, December 28th.

Shares of Enbridge Income Fund (TSE ENF) traded up C$0.01 during mid-day trading on Friday, reaching C$29.70. The company’s stock had a trading volume of 1,300,000 shares, compared to its average volume of 700,795. Enbridge Income Fund has a 1-year low of C$27.93 and a 1-year high of C$36.31. The stock has a market cap of $5,150.00, a price-to-earnings ratio of 14.08 and a beta of 0.29.

A number of equities research analysts have issued reports on the company. Royal Bank of Canada cut their price target on Enbridge Income Fund from C$35.00 to C$33.00 and set a “sector perform” rating for the company in a research note on Friday, November 3rd. BMO Capital Markets reiterated a “market perform” rating and issued a C$33.00 price target on shares of Enbridge Income Fund in a research note on Friday, December 8th. CIBC increased their price target on Enbridge Income Fund from C$35.00 to C$36.00 in a research note on Friday, December 8th. TD Securities increased their price target on Enbridge Income Fund from C$36.00 to C$37.00 and gave the stock a “buy” rating in a research note on Friday, December 8th. Finally, Scotiabank increased their price target on Enbridge Income Fund from C$37.00 to C$38.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$35.33.

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About Enbridge Income Fund

Enbridge Income Fund Holdings Inc, through its investment in Enbridge Income Fund, holds energy infrastructure assets. The Company’s business is limited to ownership of its interest in Enbridge Income Fund (the Fund). The Fund’s objective is to pay out a high proportion of available cash in the form of dividends to shareholders.

Dividend History for Enbridge Income Fund (TSE:ENF)

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