(Adds details)
Dec 3 (Reuters) - Enbridge Inc ENB.TO , Canada's largest
pipeline company, raised its quarterly dividend to 53 Canadian
cents per share from 46.5 Canadian cents, payable on March 1.
The company also announced a five-year strategic plan, which
includes a C$38 billion ($28.52 billion) growth program, of
which C$25 billion is commercially secured and in execution.
Calgary-based Enbridge said it expects 2016 adjusted
earnings before interest and taxes in the range of C$4.4 billion
to C$4.8 billion enterprise-wide.
The company sees 2016 average annual available cash flow
from operations (ACFFO) to be in the range of C$3.80 to C$4.50,
up from its 2015 estimate of C$3.30 to C$4.00 per share.
The increase in cash flow range for 2016 reflects growth
from existing businesses, including projects brought on stream
this year such as the Mainline Expansion Program and the
Edmonton-to-Hardisty Pipeline.
($1 = 1.3323 Canadian dollars)