Enbridge Suspends Dividend Reinvestment, Share Purchase Plan

(RTTNews) - Enbridge Inc. (ENB, ENB.TO) said that it has determined to suspend, effective immediately, its dividend reinvestment and share purchase plan (DRIP) until further notice.

As a result, shareholders only receive dividends in cash effective with the dividend currently scheduled to be paid on December 1, 2018, to shareholders of record on November 15, 2018. If Enbridge elects to reinstate the DRIP in the future, the shareholders that were enrolled in the DRIP at suspension and remained enrolled at reinstatement will automatically resume participation in the DRIP.

The company said it has elected to suspend the DRIP at this time given substantial progress on its funding and asset sales plan, which will allow it to meet any remaining equity requirement for the balance of its currently secured growth program.