Thread regarding Enbridge Inc. layoffs

Enbridge Misses Q4 Earnings Estimates, Hikes Dividend

“Enbridge Inc. ENB reported fourth-quarter 2023 adjusted earnings per share of 47 cents, which missed the Zacks Consensus Estimate of 50 cents. However, the bottom line increased from the year-ago quarter’s 46 cents.

Total quarterly revenues of $8.4 billion decreased from $9.9 billion in the prior-year quarter. The top line also missed the Zacks Consensus Estimate of $9.6 billion.

Lower-than-expected quarterly earnings resulted from reduced contributions from the U.S. Gas Transmission and Midstream segments. This downside was somewhat mitigated by increased contributions from the Liquids Pipelines segment.”

"For 2024, Enbridge announced a 3.1% hike in its quarterly dividend, raising it to 91.50 cents per share ($3.66 annually). The increased dividend will be paid out on Mar 1, 2024, to shareholders of record as of Feb 15, 2024."

https://finance.yahoo.com/news/enbridge-enb-misses-q4-earnings-172300827.html

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| 1511 views | | 7 replies (last February 15, 2024) | Reply
Post ID: @OP+1r3Mprzl

7 replies (most recent on top)

Where is 950 coming from

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Post ID: @2dbl+1r3Mprzl

A seat at the ELT table would be even better for your portfolio!!!

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Post ID: @2jrf+1r3Mprzl

"Does this mean your Manager and above is happy with this?...because they get bonus shares as part of their compensation..."

Not just managers and above. You know, there's a whole class of RSUs that are discretionary, and assigned to individual contributors. I've had then in 4 years out of 9.

Your leader has to go to bat for you though. It takes some hard work, and it's reserved for people who really are recognized as pivotal / exceptional. On five occasions I got them for my team when I became a leader.

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Post ID: @fvv+1r3Mprzl

"Decrease in revenues and increase in dividends? 650 by march just went to 950 by the end of 2024."
But they'll add more VPs, because why not.

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Post ID: @ndv+1r3Mprzl

Decrease in revenues and increase in dividends? 650 by march just went to 950 by the end of 2024.

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Post ID: @mfc+1r3Mprzl

Does this mean your Manager and above is happy with this? because they get bonus shares as part of their compensation. Imagine you’re working hard for someone like your manager to look good and you get more work and minimal increases and they get bonus shares with increased dividends.

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Post ID: @rwt+1r3Mprzl

Increased dividends: this is really good for my portfolio.

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Post ID: @uag+1r3Mprzl

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