Enbridge, Inc - $ENB STOCK NEWS

Enbridge Inc. announced that it will not redeem its Series R Cumulative Redeemable Preference Shares, giving holders the right to convert them into Series S Shares on a one-for-one basis. If certain conditions are met, all remaining Series R Shares will be automatically converted into Series S Shares. The new annual dividend rate for Series R Shares will be 6.314% for the period from June 3, 2024, to June 1, 2029, while Series S Shares will have a quarterly floating rate starting at 1.82951% from June 3, 2024, to September 1, 2024.

Enbridge donated 20 acres of prairie property in Illinois to Operation Endangered Species, allowing high school students to engage in environmental projects like identifying ticks, tracking butterflies, and restoring native species. The students aim to return the land to its natural prairie habitat, fostering learning opportunities and community sustainability initiatives. The project aligns with Earth Day values and supports student development through hands-on experiences.

Girls Who Code summer camp in Louisiana teaches school-age girls to embrace imperfection in coding, fostering confidence in STEM pursuits. Enbridge supported the camp with a $2,500 grant, aiming to promote diversity in STEM fields.

Enbridge Inc. declared a quarterly dividend of $0.9150 per common share, consistent with the previous dividend, payable on June 1, 2024. The Board also declared dividends for various Preferred Shares, with amounts ranging from $0.19019 to US$0.41898.

Mother Teresa Middle School in Regina embraces identity, overcomes obstacles, and ignites a love of learning through its land-based curriculum and interventionist approach, improving outcomes for Indigenous students. The school's commitment to truth and reconciliation, cultural integration, and community involvement fosters pride and a strong sense of cultural identity among students.

Nebraska FFA cultivates career-ready students for the agricultural sector by providing skills training and education to over 12,000 high school students. The state association of the national Future Farmers of America focuses on developing leaders and innovators for the future, promoting agricultural education in local FFA chapters across Nebraska.

New Day Advocacy Center in northern Wisconsin provides shelter, counselling, advocacy, and support for victims of family violence and sexual abuse. The center has seen a 15% increase in demand for services since 2022, serving 294 people in 2023. NDAC offers a range of services including emergency shelter, crisis hotline, counselling, advocacy, financial support, and education programs to prevent human trafficking and abusive behaviors. The center also helps clients with safety planning, recognizing key markers of danger, and getting out of dangerous situations. Enbridge has been supporting NDAC's mission since 2021, contributing a $50,000 Fueling Futures grant. NDAC has expanded its service area in 2024 to four counties in northern Wisconsin, focusing on marginalized communities, including Indigenous people from nearby tribes. Safety is a top priority for Enbridge, supporting NDAC's vital work in protecting children and families.

Big Brothers Big Sisters of Southwest Louisiana receives a $5,000 grant from Enbridge to support youth mentorship programs, addressing challenges faced by youth due to the COVID-19 pandemic and natural disasters. The organization focuses on education, career readiness, and economic empowerment for youth aged 6 through young adulthood, with a waitlist of 80 youth. The cost to support one youth is $2,000 per year, with a focus on asset- families. The agency celebrates its 45th anniversary, showcasing program success through self-reported positive changes in Littles.

Enbridge-sponsored initiative to host JOAT event at BCIT in Burnaby featuring female pipeline inspector Tylene Swanson, emphasizing diversity and opportunities for women in trades.