It traded in that range for an entire five days, a large gap up in price based on positive news and buyers and / or shorts covering pushed it to that temporary unsustainable price level. 
ENB's dividend per share was $1.86 then and today is $2.332 for a increase of 25.38% in just 20 months with aother 5% likey to come in the next few weeks. That more than meets my criteria for investment. Again I own this and almost every other investment for the growing income it is highly likely to produce. And since all of my shares are on dividend reinvestment, if the growth of income criteria is met, I don't care much at all whether the share price goesup or it goes down (unlike you.) If it goes down, I end up owning more shares than I otherwise would and thus when (or if) I start cashing those dividend cheques, the amount written on those cheques will be larger. If the share price rises, pity. I'll have a portfolio that is worth more.
Share price down, I win. Share price up, I win. A win-win