11:20 AM EST - Enbridge Inc. : will raise $523.1 million in a stock issue to reduce debt and make investments in its subsidiaries and is raising its quarterly dividend by seven per cent, the company said Tuesday. Calgary-based Enbridge said it will issue 13.5 million shares from treasury at $38.75 each through a syndicate of underwriters led by Scotia Capital Inc. and CIBC World Markets Inc. The pipeline giant also said it is increasing its quarterly dividend to 30.75 cents per share from a prior 28.75 cents per share. Enbridge Inc.
shares T.ENB are trading down 65 cents at $38.49.
