11:50 AM EST - Enbridge Inc. : reported Wednesday an increase in fourth-quarter profit, reflecting lower expenses, helped by a decline in commodity costs. In addition, the company provided adjusted earnings guidance for fiscal 2010 and declared a 15% increase in quarterly dividend effective March 1, 2010. For the fourth quarter, the Calgary-based company's earnings applicable to common shareholders increased to $300 million or $0.80 per share from $264 million or $0.71 per share in the previous year. Adjusted earnings for the quarter grew to $239 million or $0.64 per share from $202 million or $0.55 per common share in the year-ago quarter. Enbridge Inc.
shares T.ENB are trading up $0.73 at $47.62.
