BUZZ-Enbridge Inc: Raises dividend by 33 pct

Thu Dec 4, 2014 9:19am EST
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** Largest Canadian pipeline company's U.S.-listed shares up 13.2 pct at $54.20 premarket

** Company raised quarterly dividend by 33 pct to 47 Canadian cents per share on Wednesday

** Enbridge raised dividend payout policy range to 75-85 pct of adjusted earnings from 60-70 pct

** Company says it will transfer C$17 bln ($14.96 bln) Canadian liquids pipelines assets and some renewable energy assets to Canadian affiliate

** Enbridge also reviewing plan to transfer directly held U.S. liquids pipeline assets to U.S. affiliate, which will add new sources of growing cash flows

** Up to Wednesday's close, stock had risen 10 pct this year ($1 = C$1.14)