Nov 8/2011 - EIFH Announces 7.3% Dividend Increase
Dividend History
2003-2011
- ENF LAST PRICE: $22.23 (-0.10)
- VOLUMES TRADED: 34,565
- DIVIDEND YIELD: 6.20%
- ANNUAL DIVIDEND: $1.236
- SHARES OUTSTANDING (FLOAT): 31,832,000
- SHARES OUTSTANDING (TOTAL): 39,741,000
- As of 13:58 EST Feb 22
Designed to Deliver
Enbridge Income Fund Holdings (ENF) is a high yielding energy infrastructure company focused on providing investors with steady and predictable cash flows from its strong and diversified asset base. Through its ownership interest in Enbridge Income Fund, ENF produces energy through its Green Energy Assets, transports high heat content natural gas to markets in and around Chicago through its 50% interest in the Canadian portion of Alliance Pipeline and transports crude oil and liquids to the Enbridge Mainline for markets in the US via its Saskatchewan Pipeline System.
2011 Financial Results
Enbridge Income Fund (EIF)
| Alliance Canada |
71.9 |
76.4 |
| Saskatchewan System |
78.2 |
42.2 |
| Green Power |
27.2 |
4.5 |
| Corporate (including ECT Pref. Unit Distributions) |
(43.0) |
(22.9) |
|
134.3 |
100.2 |
| Distributions to Common Unitholders |
112.3 |
83.7 |
| Percentage of Cash Distributed |
84% |
84% |
Enbridge Income Fund Holdings Inc.
| Cash Available for Distribution, EIF |
134,287 |
100,200 |
| ECT preferred unit distribution |
58,757 |
43,803 |
| Cash Retained |
22,025 |
16,509 |
| Cash distributions declared to trust unitholders by IEF |
53,505 |
39,888 |
| Percentage of Units held by ENF |
72.6%-80.7% |
- |
| Distribution Income, ENF |
40,261 |
- |
| Other Income |
9 |
- |
| Income Tax |
(2,944) |
- |
| Earnings, ENF |
37,326 |
- |
| Dividends Declared |
34,834 |
- |
| Dividend per Share |
$1.166 |
- |
| Common Shares Outstanding |
39,741,000 |
- |
Assets
- High efficiency pipeline designed to receive high heat content, liquids rich natural gas
- Firm capacity: 1,325 mcf/day
- Fully contracted through 2015
- Competitive volume based toll from northeastern BC to Dawn, ON
- Close proximity to growing liquids rich supply basins
- Comprised of Saskatchewan Gathering, Westspur, Weyburn and Virden pipeline systems
- Gathering system delivers 255,240 bbls/day in to the Enbridge Mainline at Cromer, Manitoba
- Cost of Service Tolling for the majority of system capacity
- Bakken Expansion Project (BEP) will increase take-away capacity from growing Bakken production by 125,000 bbls/day
- In-service date Q1 2013
- ENF produces over 400 MW of green energy from its divervse renewable energy asset base
- Assets include Wind Energy, Solar Power and Waste Heat recovery facilities
- Underpinned by long term power puchase aggreements with high credit worthy counterparties
- Managed under long term operation and maintenance agreements
Quick Facts
- ENF is a top constituent of the S&P/TSX Canadian Dividend Aristocrats Index
- Enbridge Inc. economic interest in the Company is 69%
- In October 2011 ENF increased its investable float by close to 60% with the closing of the Green Energy Asset Acquisition
- In November 2011 ENF announced its first Alberta based waste heat recovery project along the Alliance pipeline near Whitecourt
Leadership Team
Directors
Richard H. Auchinleck
Catherine M. Best
J. Richard Bird
M. Elizabeth Cannon
Charles W. Fischer
Harry Roberts
Gordon G. Tallman
Management
J. Richard Bird, Director
David T. Robottom, Director
Stephen J. Wuori, Director
John K. Whelen, President
Colin K. Gruending, CFO
Darren Yaworsky, Treasurer
Leigh Kelln, Controller
Debra J. Poon, Corp. Secretary
Public Relations & Media
Jennifer Varey
Director, Corp. Communications
Phone: 403-508-6568
(888) 992-0997
(403) 508-6563
jennifer.varey@enbridge.com
