Wednesday, Enbridge Inc. (ENB, ENB.TO) said its fourth-quarter earnings applicable to common shareholders increased to C$300 million or C$0.80 per share from C$264 million or C$0.71 per share in the prior year period.
Adjusted earnings for the quarter rose to C$239 million or C$0.64 per common share from C$202 million or C$0.55 per common share in the year-ago period.
Revenues for the quarter declined to C$3.18 billion from C$3.92 billion in the comparable period.
For fiscal 2010, adjusted earnings per share are expected to be in a range of C$2.50 - C$2.70.
The company also announced a quarterly dividend increase of 15% to C$0.425 per common share effective March 1, 2010.
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