Spectra Energy (SE) Raises Quarterly Dividend 8.6% to $0.44; 4.2% Yield

Spectra Energy (NYSE: SE) declared a quarterly dividend of $0.44 per share, or $1.76 annualized. This is an 8.6% increase from the prior dividend of $0.405.

The dividend will be payable on March 1, 2017, to stockholders of record on February 15, 2017, with an ex-dividend date of February 13, 2017.

The annual yield on the dividend is 4.2 percent.

"Delivering on the commitment we made to our investors, which is underlined by our reliable cash flows, we are again increasing our annual dividend by 14 cents, to $1.76 per share," said Greg Ebel, chief executive officer, Spectra Energy. "Looking forward, our dividend growth projections are further enhanced upon completion of our proposed merger with Enbridge Inc. Including today's announced dividend increase, we anticipate investors of the combined company to benefit from an annualized 15 percent dividend increase in 2017, and then 10 to 12 percent annual increases through at least 2024."

For a dividend history and other dividend-related data on Spectra Energy (SE) click here.

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