8-K

ENBRIDGE INC 8-K Report (Apr 28, 2011)

Filed April 28, 2011For Securities:ENBENBMFEBBGFEBRGFEBRZFENBGFENBRFENFFFEBGEFENBFFENBHFENBNFENBOFENBSFEBBNFENNPF

Summary

This Form 6-K filing from Enbridge Inc. (ENB) on April 28, 2011, primarily serves to announce key corporate actions and upcoming financial events. The most significant news for investors is the Board of Directors' declaration of a quarterly common share dividend of $0.49, payable on June 1, 2011. Additionally, the company is proposing a two-for-one common stock split, subject to shareholder approval at the Annual and Special Meeting on May 11, 2011. If approved, this split would become effective for trading purposes around May 20, 2011, on the TSX and June 1, 2011, on the NYSE. The filing also informs investors about the upcoming release of Enbridge's first quarter 2011 financial results on May 11, 2011, with a conference call scheduled for the same day. It's important for shareholders to note that the dividend payable on June 1, 2011, will be based on the pre-split share count, as the dividend record date precedes the stock split record date. The report also includes standard disclosures about Enbridge's business and forward-looking statements.

Key Highlights

  • 1Enbridge Inc. declared a quarterly common share dividend of $0.49 per share, payable on June 1, 2011.
  • 2A proposal for a two-for-one common stock split will be presented for shareholder approval at the Annual and Special Meeting on May 11, 2011.
  • 3If approved, the stock split is expected to commence trading on a split-adjusted basis on May 20, 2011 (TSX) and June 1, 2011 (NYSE).
  • 4The dividend payment on June 1, 2011, will be on a pre-split basis, as the record date (May 13, 2011) precedes the proposed split record date (May 25, 2011).
  • 5Enbridge will release its first quarter 2011 financial results on May 11, 2011, before market open.
  • 6A conference call to discuss Q1 2011 results is scheduled for May 11, 2011, at 9:00 AM Eastern Time.

Frequently Asked Questions

The Board of Directors declared a quarterly dividend of $0.49 per common share, which is payable on June 1, 2011, to shareholders of record on May 13, 2011.

Yes, Enbridge is proposing a two-for-one stock split. If approved by shareholders on May 11, 2011, for every common share you own, you will receive an additional share. Trading on a split-adjusted basis is expected to begin around May 20, 2011, on the TSX and June 1, 2011, on the NYSE.

No, the dividend payable on June 1, 2011, will be paid on a pre-split basis. This is because the record date for the dividend (May 13, 2011) occurs before the expected record date for the stock split (May 25, 2011).

Enbridge is scheduled to release its first quarter 2011 financial results on Wednesday, May 11, 2011, before the markets open. A conference call to discuss these results will follow at 9:00 AM Eastern Time on the same day.