Recs

3

Spectra Energy Declares Dividend, Will Raise Distributions in New Year

Spectra Energy (NYSE: SE  ) will soon turn up the heat on its dividend. In addition to declaring a fresh quarterly common stock payout, the company said it expects to raise its 2014 annual dividend by $0.12 per share, or nearly 10% higher than the current rate. This will be inaugurated with a $0.03-per-share increase to the company's Q1 distribution.

The just-declared dividend is $0.305 per share, which is to be paid on Dec. 9 to stockholders of record as of Nov. 8. That amount matches each of Spectra Energy's four preceding payouts, the most recent of which was dispensed in September.

The upcoming distribution annualizes to $1.22 per share, yielding 3.6% at the company's most recent closing stock price of $34.09.


Read/Post Comments (0) | Recommend This Article (3)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2674428, ~/Articles/ArticleHandler.aspx, 8/23/2016 9:51:21 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 35 minutes ago Sponsored by:
DOW 18,547.30 17.88 0.10%
S&P 500 2,186.90 4.26 0.20%
NASD 5,260.08 15.48 0.30%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/23/2016 4:02 PM
SE $36.25 Up +0.14 +0.39%
Spectra Energy CAPS Rating: *****

Advertisement