Enbridge's preferred shares are highly attractive due to their strong coverage, requiring only 3% of pre-dividend DCF to cover preferred dividends. The Series 3 preferred shares offer a current yield of approximately 7.02%, with the dividend rate reset every five years based on the Canada bond yield. Enbridge's common shares also provide a robust dividend yield (~6%) and potential capital gains, making a mix of common and preferred shares a sensible investment strategy.
Ideally, income seeking investors want to receive the maximum amount of dividends for the price they pay for one share of a dividend paying business. In investing parlance, this means seeking out stocks with higher dividend, or distribution, yields, or higher forward 12-month dividends per share for the current price of one share.
The latest trading day saw Enbridge (ENB) settling at $43.87, representing a -0.81% change from its previous close.
Recently, Zacks.com users have been paying close attention to Enbridge (ENB). This makes it worthwhile to examine what the stock has in store.
Midstream players secure additional cashflows from their huge backlog of growth projects, which brightens the outlook for the Zacks Oil and Gas - Production and Pipelines industry. Some of the frontrunners in the industry are ENB, KMI, WMB & MPLX.
Enbridge will generate incremental cash flows from its huge backlog of secured and profitable midstream capital projects.
Enbridge (ENB 1.49%) has been a very enriching investment over the years. The Canadian pipeline and utility giant has paid dividends for over 70 years, with increases in each of the last 30 years.
Enbridge (ENB) reachead $43.50 at the closing of the latest trading day, reflecting a +1.56% change compared to its last close.
Investing in the stock market is a great way to build long-term wealth and passive income. One method that stands out for its income generation is dividend investing.
What if you could put money into something and earn a regular income from it without doing much? That's what passive income is all about, and dividend investing is one of the best ideas to earn passive income.
Investors can find great large-cap stocks to buy outside of the S&P 500. They can also find stocks with exceptional dividend track records that aren't on any list of so-called dividend royalty.
Enbridge's shares have retraced from 52-week highs due to tariff discussions, pushing the dividend yield past 6%, and presenting a buying opportunity. Despite potential tariff impacts, Enbridge's fee-based contracts and diversified assets mitigate risks, ensuring stable revenue and growth from long-term projects. Enbridge's record 2024 performance, significant capital investments, and projected EBITDA growth make it a strong candidate for income investors seeking stable dividends.