Enbridge Inc.
TSX : ENB
NYSE : ENB

Enbridge Inc.

May 08, 2017 11:54 ET

Westcoast Energy and Union Gas Declare Dividends

CALGARY, ALBERTA--(Marketwired - May 8, 2017) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) (Enbridge or the Company), announced today that Westcoast Energy Inc. declared the following quarterly dividends:

  1. 5.50% CUMULATIVE FIRST PREFERRED SHARES, SERIES 7: A dividend of 34.375 cents per share payable on July 15, 2017 to shareholders of record at the close of business on July 1, 2017.

  2. 5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8: A dividend of 35.000 cents per share payable on July 15, 2017 to shareholders of record at the close of business on July 1, 2017.

  3. CUMULATIVE FIVE-YEAR MINIMUM RATE RESET REDEEMABLE FIRST PREFERRED SHARES, SERIES 10: A dividend of 32.8125 cents per share payable on July 15, 2017 to shareholders of record at the close of business on July 1, 2017.

  4. CUMULATIVE FIVE-YEAR MINIMUM RATE RESET REDEEMABLE FIRST PREFERRED SHARES, SERIES 12: A dividend of 32.500 cents per share payable on July 15, 2017 to shareholders of record at the close of business on July 1, 2017.

Also on May 8, 2017, Union Gas Limited declared the following quarterly dividends:

  1. 5.50% CUMULATIVE REDEEMABLE CLASS A PREFERENCE SHARES, SERIES A: A quarterly dividend of 69.00 cents per share payable on June 30, 2017 to shareholders of record at the close of business on June 9, 2017.

  2. 6.00% CUMULATIVE REDEEMABLE CLASS A PREFERENCE SHARES, SERIES B: A quarterly dividend of 75.00 cents per share payable on June 30, 2017 to shareholders of record at the close of business on June 9, 2017.

  3. 5.00% CUMULATIVE REDEEMABLE CLASS A PREFERENCE SHARES, SERIES C: A quarterly dividend of 62.50 cents per share payable on June 30, 2017 to shareholders of record at the close of business on June 9, 2017.

Westcoast Energy Inc. and Union Gas Limited are indirect subsidiaries of Enbridge Inc.

Enbridge Inc. is North America's premier energy infrastructure company with strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation. The Company safely delivers an average of 2.8 million barrels of crude oil each day through its Mainline and Express Pipeline, and accounts for nearly 68% of U.S.-bound Canadian crude oil production, and moves approximately 20% of all natural gas consumed in the U.S. serving key supply basins and demand markets. The Company's regulated utilities serve approximately 3.5 million retail customers in Ontario, Quebec, New Brunswick and New York State. Enbridge also has a growing involvement in electricity infrastructure with interests in more than 2,500 MW of net renewable generating capacity, and an expanding offshore wind portfolio in Europe. The Company has ranked on the Global 100 Most Sustainable Corporations index for the past eight years; its common shares trade on the Toronto and New York stock exchanges under the symbol ENB.

Life takes energy and Enbridge exists to fuel people's quality of life. For more information, visit www.enbridge.com.

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