Enbridge Income Fund Holdings Inc (ENF) to Issue Dividend Increase – $0.17 Per Share

Enbridge Income Fund Holdings Inc (TSE:ENF) declared a monthly dividend on Tuesday, July 18th, Zacks reports. Stockholders of record on Monday, July 31st will be paid a dividend of 0.171 per share on Tuesday, August 15th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date of this dividend is Thursday, July 27th. This is an increase from Enbridgeome Fund Holdings’s previous monthly dividend of $0.13.

Shares of Enbridgeome Fund Holdings (TSE:ENF) traded down 0.03% during midday trading on Friday, hitting $31.77. 191,877 shares of the company were exchanged. The company has a market capitalization of $4.67 billion and a P/E ratio of 14.99. The company has a 50-day moving average of $32.13 and a 200 day moving average of $33.26. Enbridgeome Fund Holdings has a one year low of $31.22 and a one year high of $36.31.

Several research firms recently weighed in on ENF. TD Securities upped their price objective on shares of Enbridgeome Fund Holdings from C$37.00 to C$38.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Scotiabank reaffirmed an “outperform” rating and set a C$38.00 price objective on shares of Enbridgeome Fund Holdings in a research report on Wednesday, April 19th. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$35.00 target price on shares of Enbridgeome Fund Holdings in a research note on Tuesday, April 18th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Enbridgeome Fund Holdings has a consensus rating of “Hold” and an average price target of C$36.50.

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About Enbridgeome Fund Holdings

Enbridge Income Fund Holdings Inc, through its investment in Enbridge Income Fund, holds energy infrastructure assets in Canada. It owns crude oil gathering pipelines and storage facilities in Alberta, Saskatchewan, Manitoba, Ontario, and Quebec; and crude oil storage terminals and caverns in Hardisty, Alberta.

Dividend History for Enbridgeome Fund Holdings (TSE:ENF)

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