Enbridge Increases Dividend by 15% and Announces 2012 Earnings Guidance
(firmenpresse) - CALGARY, ALBERTA -- (Marketwire) -- 12/07/11 -- Enbridge Inc. (TSX: ENB) (NYSE: ENB) today announced that its Board of Directors has declared a quarterly dividend of $0.2825 per common share, payable on March 1, 2012 to shareholders of record on February 15, 2012. The dividend reflects a 15% increase from the prior quarterly rate. Enbridge also announced its 2012 guidance for adjusted earnings of $1.58 to $1.74 per share.
"2011 has been a year in which Enbridge has made tremendous progress on many fronts, including further securing our future growth," said Patrick D. Daniel, President and Chief Executive Officer. "Over the course of the year we reached agreement with our Liquids Pipelines shippers on the 10-year Competitive Toll Settlement (CTS), and secured an additional $6 billion of attractive growth opportunities across our existing businesses of liquids pipelines, gas pipelines and distribution, and green energy as well as into new platforms including power transmission and the Canadian midstream gas sector.
"Our total of commercially secured projects now stands at over $11 billion, reinforcing our confidence that we can achieve an average annual growth rate in adjusted earnings per share of 10% through 2015, based on conservative assumptions for mainline throughput and future growth investment," said Mr. Daniel.
"In 2012, we will begin to see the benefits of earnings growth from execution of these actions, including our acquisition of a 50% interest in the Seaway Pipeline System which we expect to be in service delivering crude oil from Cushing to the U.S. Gulf Coast by mid year."
Mr. Daniel also emphasized Enbridge's commitment to safety, noting that "2011 has also been a year of progress in further reinforcing safety and operational integrity across all our business units and this will remain our top priority in 2012."
Highlights of Enbridge's growth announcements in 2011 include:
The Board also declared the following dividends on Enbridge's preferred shares:
About Enbridge Inc.
Enbridge Inc., a Canadian company, is a North American leader in delivering energy and one of the Global 100 Most Sustainable Corporations. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has a significant and growing involvement in natural gas gathering, transmission and midstream businesses, and an increasing involvement in power transmission. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. As a generator of energy, Enbridge has interests in close to 860 megawatts of renewable and alternative energy generating capacity and is expanding its interests in wind and solar energy, geothermal and hybrid fuel cells. Enbridge employs approximately 6,400 people, primarily in Canada and the U.S. and is ranked as one of Canada's Greenest Employers, and one of the Top 100 Companies to Work for in Canada. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit .
Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. Although Enbridge believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of risks and uncertainties pertaining to operating performance, regulatory parameters, weather, economic conditions and commodity prices. You can find a discussion of those risks and uncertainties in our Canadian securities filings and American SEC filings. While Enbridge makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Except as may be required by applicable securities laws, Enbridge assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
Contacts:
Enbridge Inc.
Jennifer Varey
Media
(403) 508-6563 or Toll Free: (888) 992-0997
Enbridge Inc.
Jody Balko
Investment Community
(403) 231-5720
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Datum: 07.12.2011 - 21:12 Uhr
Sprache: Deutsch
News-ID 94897
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CALGARY, ALBERTA
Kategorie:
Oil & Gas
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