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Enbridge Stock Dividend: 2023 Outlook, 10-Year History, and Everything You Need to Know

Enbridge Inc. (NYSE: ENB), a leading North American energy infrastructure company, has a long history of paying dividends to its shareholders. The company has increased its dividend for 26 consecutive years, making it a Dividend Aristocrat.

Dividend History

In the past decade, Enbridge has increased its dividend by an average of 10% per year. The following table shows the company's dividend history since 2012:

Year	Dividend per Share (CAD)	Dividend Yield (%)
2012	1.95	5.2%
2013	2.05	4.9%
2014	2.15	4.7%
2015	2.25	4.5%
2016	2.35	4.3%
2017	2.45	4.1%
2018	2.55	4.0%
2019	2.65	3.9%
2020	2.75	3.8%
2021	2.85	3.7%

2023 Outlook

enbridge stock dividend

Enbridge has not yet announced its dividend for 2023. However, analysts expect the company to increase its dividend by another 3-5%. This would bring Enbridge's dividend yield to around 4.0%.

Enbridge Stock Dividend: 2023 Outlook, 10-Year History, and Everything You Need to Know

Factors Affecting the Dividend

Several factors could affect Enbridge's dividend in the future. These factors include:

Earnings: Enbridge's ability to generate earnings is the primary factor that determines the sustainability of its dividend.
Capital spending: Enbridge's capital spending plans could also impact the dividend. If the company needs to spend more on capital projects, it may need to reduce its dividend.
Debt: Enbridge's debt levels could also affect the dividend. If the company's debt levels increase significantly, it may need to reduce its dividend to maintain a healthy financial position.
Regulatory changes: Regulatory changes could also impact the dividend. If the government changes the rules governing the energy industry, it could affect Enbridge's earnings and, therefore, its dividend.

Conclusion

Enbridge has a long history of paying dividends to its shareholders. The company has increased its dividend for 26 consecutive years, making it a Dividend Aristocrat. Enbridge's dividend is currently yielding around 3.7%. Analysts expect the company to increase its dividend by another 3-5% in 2023. Enbridge's dividend is sustainable because the company generates strong earnings. However, several factors could affect the dividend in the future, including earnings, capital spending, debt levels, and regulatory changes.

Dividend History