Enbridge (ENB) Stock Rises on $10B Capital Deployment and Dividend Growth
Enbridge Inc. (ENB) shares gained traction in early December 2025 after unveiling a $10 billion capital deployment plan for 2026. The Canadian energy giant reaffirmed its commitment to stability and dividend growth, announcing a 3% dividend increase to C$3.88 annually—marking its 31st consecutive year of payout growth. The yield remains competitive at mid-5% on the TSX.
Financial targets for 2026 include adjusted EBITDA of C$20.2–20.8 billion and distributable cash FLOW (DCF) per share of C$5.70–6.10, reflecting ~4% growth. Debt ratios will be maintained at a conservative 4.5–5× range. Strategic expansions and renewable energy projects position ENB to meet rising demand while sustaining its 'dividend aristocrat' status.