Enbridge Raises Dividend 11% to $0.350; Guides 2014 Adjusted EPS $1.84-$2.04

Enbridge ENB today announced that its Board of Directors has declared a quarterly dividend of $0.350 per common share, payable on March 1, 2014 to shareholders of record on February 14, 2014. The dividend reflects an 11 per cent increase from the prior quarterly rate. Enbridge also announced a guidance range for 2014 adjusted earnings of $1.84 to $2.04 per share."2013 has been a foundational year for our growth plan and we enter 2014 well positioned to deliver 10-12 per cent average annual growth in earnings per share through 2017," said Al Monaco, President and Chief Executive Officer, Enbridge Inc. "With $6 billion of additional attractive investment opportunities secured in 2013 -- $3 billion of which have been secured since our October Enbridge Day investor conference -- we now stand at $29 billion of commercially secured growth capital to be in service by 2017, out of a total enterprise-wide growth capital plan of $36 billion. We're in a position to be selective on how we'll deploy the remaining $7 billion of our growth capital, and are making good progress on a number of fronts."We are carrying a peak level of See full press release