Enbridge issues outlook, hikes dividend and buys back stock

Enbridge Inc. ENB, +1.58% connected Tuesday issued its fiscal outlook for 2022, acceptable plans to bargain up to C$1.5 cardinal successful banal and accrued its dividend. The Canadian fossil substance pipeline institution said it expects 2022 Ebitda of C$15 cardinal to C$15.6 cardinal and distributed currency travel of C$5.20 to $5.50 a share. Analysts presently expect 2022 Ebitda of C$15.5 cardinal and distributed currency travel of C$5.68 a stock for Enbridge, according to a FactSet survey. The institution continues to expect 2021 distributed currency travel per stock of C$4.70 to C$5, compared to the expert presumption of C$5.08 a share. Looking ahead, Enbridge expects 5% to 7% mean yearly distributed currency travel per stock maturation increases done 2024. The institution accrued its yearly divided by 3% to C$3.44 a share, oregon C86 cents a stock per quarter. Enbridge plans to walk C$1.1 cardinal connected caller superior projects. It besides entered into a memorandum of knowing with Capital Power to make a c seizure and sequestration hub successful Alberta. Enbridge shares roseate 1.1% successful pre-market trades. The company's shares are up 18.4% successful 2021, compared to an summation of 22.3% by the S&P 500.