Enbridge (ENB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The average energy company has a dividend yield of around 3.1% today. Enbridge's (ENB 1.26%) dividend yield is materially higher at 5.8%.
Explore the exciting world of Enbridge (ENB 0.61%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
Enbridge, a leading midstream company, is expanding its asset base through acquisitions, boosting distributable cash flow and EBITDA for FY 2025. ENB has a strong distribution growth history, raising dividends for 30 years, and I expect this trend to continue due to favorable fossil fuel demand. Despite a higher EV-to-EBITDA ratio compared to rivals, Enbridge's reliable distribution growth justifies a premium valuation, with potential revaluation to 13-14X EV-to-EBITDA.
Enbridge, a midstream/pipeline company, has shown consistent growth since 2018, with a 91.9% stock increase, though slightly underperforming the S&P 500. Major investments in 2024, including a $19 billion acquisition and $5 billion in growth projects, position Enbridge for significant future growth. Enbridge has a $26 billion secured capital program and potential $50 billion in growth opportunities in North America, particularly in the natural gas space.
Enbridge (ENB 0.21%) is a giant North American midstream company, generating reliable cash flows from the fees it charges for the use of its assets. It is a slow and boring company with a lofty 5.9% dividend yield being the main draw.
In the closing of the recent trading day, Enbridge (ENB) stood at $44.46, denoting a +0.23% change from the preceding trading day.
In the closing of the recent trading day, Enbridge (ENB) stood at $44.36, denoting a -0.36% change from the preceding trading day.
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Enbridge's (ENB -0.76%) big draw as an investment is its highly reliable dividend, which it has increased annually (in Canadian dollars) for three decades. There's just one problem for investors: The dividend growth rate for this Calgary-based pipeline operator has stalled over the last couple of years.