December 4, 2014 / 4:04 AM / 3 years ago

REFILE-BRIEF-Enbridge 2015 adj earnings guidance C$2.05-C$2.35

2 Min Read

(Refiles to fix currency in headline)

Dec 3 (Reuters) - Dec 3 (Reuters) - Enbridge Inc : * Announces 33% dividend increase, financial restructuring plans, revised

payout policy and 2015 adjusted earnings guidance * Parallel U.S. restructuring plan under consideration * Says plans to transfer Canadian liquids pipelines business to Enbridge Income

Fund * Says 2015 adjusted EPS guidance of $2.05 to $2.35 * Says quarterly common share dividend will increase 33% to $0.465 per share * Says board of directors has approved a revised dividend payout policy range of 75% to 85% of adjusted earnings * Under revised dividend payout policy, co's aggregate 2014-2018 dividend payout is expected to increase by approximately $1.5 billion * In total, an aggregate of $17 billion of combined carrying value of assets are to be transferred to eif under the planned restructuring * Says anticipates that it will be able to meet its reduced equity funding requirements through preferred share issuances * FY 2015 earnings per share view C$2.24 -- Thomson Reuters I/B/E/S * All figures in C$ * Source text for Eikon * Further company coverage (Reporting by Supriya Kurane in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below