“Enbridge Inc. today announced that its Board of Directors has declared a quarterly dividend of $0.49 per common share payable on March 1, 2011 to shareholders of record on February 15, 2011. The dividend reflects a 15% increase from the Company’s prior quarterly rate of $0.425 per share”– CALGARY, ALBERTA–(Marketwire – 12/01/10)
What a birthday present I got this week! I remember back when I first bought Enbridge stock last year. I had no idea what I was doing and after talking with my brother on how well ENB was doing I decided to buy in. The day after I bought the shares, the stock dropped .50 cents and I almost had a bird. Like most people, my first reaction was to sell, sell, sell and cut my loses before it was too late but I kept a cool head and persevered. I’ve learned so much since my awkward start and now that I’ve found a great strategy to follow, self investing has become second nature. Part of me likes seeing green numbers when I check my portfolio, but part of me also likes seeing red numbers so that in the near future I can buy more shares when the price is right.
So what’s the big deal about a 6.5 cent increase you say? I bought my Enbridge shares when they were $48.53 and paid a dividend of $1.70 per share. My yield on my investment was:
To my dozens and dozens of readers:
Do you own Enbridge stocks? Are you excited like me hearing the great news?