Q: Your thoughts on the ENB news out today?
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5i Research Answer:
ENB raised its dividend 3.1%; and re-iterated guidance for the current year. It had previously released 3Q earnings which did beat estimates, so today's news is not overly surprising. But the dividend bump is nice and will likely calm some nervous investors who were perhaps concerned about the dividend (we were not). ENB expects decent growth in 2024.