Roughly 40% of tax filers get a refund each year. If that includes you, you might be wondering what to do with that windfall.
Hundreds of companies pay dividends. Many offer dividend yields well above average (the S&P 500 's dividend yield is around 1.2%).
Enbridge, worth nearly $100 billion, continues to invest massively, offering a 6%+ dividend yield and strong shareholder returns despite balance sheet concerns. In 2024, Enbridge achieved double-digit adjusted EBITDA growth, driven by a $19 billion CAD acquisition and new organic growth, maintaining 30 years of dividend increases. The company excels in liquids, gas, and renewable energy segments, with significant projects and predictable cash flows, supporting its utility-like business model.
ENB Q4 earnings and revenues beat estimates, driven by higher Adjusted EBITDA contributions across its key business segments. Revenues also increase from the prior-year level.
Midstream energy stocks have been anything but middling performers recently. Just look at Enbridge (ENB -3.83%) and Energy Transfer LP (ET 0.86%).
Enbridge is a steady but slow grower with 3% dividend growth expected over the next couple of years, possibly increasing to 5%. Enbridge common shares are downgraded to Hold due to recent price increase, making preferred shares more attractive for income over the next six years. Preferred shares Series L, Series 1, and Series 5 are rated Buy, with Series L becoming more attractive due to its nearest reset date.
Enbridge Inc. (NYSE:ENB ) Q4 2024 Earnings Conference Call February 14, 2025 9:00 AM ET Company Participants Rebecca Morley - Vice President, Investor Relations Greg Ebel - President and CEO Pat Murray - Executive Vice President and CFO Colin Gruending - President, Liquids Pipelines Cynthia Hansen - President, Gas Transmission and Midstream Michele Harradence - Head, Gas Distribution and Storage Matthew Akman - President, Renewable Power Conference Call Participants Jeremy Tonet - JPMorgan Robert Catellier - CIBC Capital Markets Ben Pham - BMO Capital Markets Manav Gupta - UBS Maurice Choy - RBC Capital Markets Rob Hope - Scotiabank Theresa Chen - Barclays Rebecca Morley Good morning. And welcome to the Enbridge Inc. Fourth Quarter 2024 Financial Results Conference Call.
Enbridge (ENB) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.47 per share a year ago.
If you have $100 and are looking to generate some long-term income from an investment, you don't have to settle for the 1.2% yield on offer from the S&P 500 index. You can do much better than that without taking on a huge amount of business risk.
If you are trying to set up a portfolio that will provide you with a lifetime of income, you'll want to take a close look at Enbridge (ENB 0.78%). Not only does this giant North American midstream company offer a compelling 6.1% dividend yield, but it is making moves today to ensure that it can continue to grow, even as the world shifts toward cleaner energy sources.
While ENB offers promising long-term potential with incremental fee-based revenues, investors may benefit from waiting for a better entry point.
I'm about to get a big cash infusion in my portfolio. Last year, private equity giant Blackstone agreed to buy one of my holdings, Retail Opportunity Investments Corp. , in an all-cash deal.