Enbridge's 31st Consecutive Dividend Hike Bolsters Calgary's Energy Outlook Amid Policy Shifts
A Landmark Dividend Announcement
Calgary-based energy giant Enbridge Inc. (TSX: ENB, NYSE: ENB) has announced a 3% increase in its quarterly common share dividend for 2026, setting the payout at $0.9700 per share. This declaration, made by the Board of Directors on December 2, 2025, marks a remarkable 31st consecutive year of dividend growth for the company. Shareholders of record on February 17, 2026, will receive the dividend on March 1, 2026.
Policy Paves the Way for Stability
This consistent financial performance comes on the heels of significant policy developments that promise stability for Alberta's energy sector. A "Grand Bargain" struck in late November 2025 between Prime Minister Mark Carney's federal government and Alberta Premier Danielle Smith suspended federal Clean Electricity Regulations for the province. In return, Alberta committed to strengthening its industrial carbon pricing under the Technology Innovation and Emissions Reduction (TIER) system to a minimum of CAD 130 per tonne. The agreement also fosters collaboration on new pipeline development and crucial carbon capture, utilization, and storage (CCUS) projects, aiming to diversify market access, especially towards Asia.
A Major Economic Engine for Alberta
Enbridge's robust health is a direct boon for Calgary and Alberta. As a cornerstone employer, the company supported 3,740 provincial jobs in 2024, contributing nearly $439 million in base pay. Its substantial capital and operating expenditures, totalling over $1.1 billion in Alberta for 2024, further drive local economic activity. This strong corporate performance underpins Calgary's enduring reputation as an energy capital, even as the city actively diversifies its economy.
Dual Focus: Legacy and Future Growth
Established in 1949, Enbridge has been fundamental to North America's energy infrastructure, moving approximately 30% of the continent's crude oil. Its ongoing commitment to traditional energy networks, alongside investments exceeding US$8 billion in renewable energy and emerging low-carbon technologies like hydrogen and CCUS, reflects a pragmatic approach to the global energy transition. This dual strategy aligns perfectly with Calgary's vision to leverage its energy expertise for both conventional and future energy growth.
